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Big Push or Big Grab? Railways, Government Activism and Export Growth in Latin America, 1865-1913.
Bignon, V.; Esteves, R.; Herranz-Loncán, A. - Banque de France - 2013
Railways were one of the main engines of the Latin American trade boom before 1914. Railway construction often required … trade-related, this generated a two-way feedback between government revenues and railways with a potential for multiple …
Persistent link: https://www.econbiz.de/10010815994
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Entry barriers to international trade: product versus firm fixed costs.
Steingress, W. - Banque de France - 2015
level. If fixed costs are at the firm level, multi-product firms have a cost advantage and dominate international trade. If … production through lower product fixed costs outweigh the competition effects from more firm entry. Trade policies encouraging …
Persistent link: https://www.econbiz.de/10011212770
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Demand learning and firm dynamics: evidence from exporters.
Berman, N.; Rebeyrol, V.; Vicard, V. - Banque de France - 2015
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...
Persistent link: https://www.econbiz.de/10011272662
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The determinants of intrafirm trade: Evidence from French firms
Corcos, G.; Irac, D.; Mion, G.; Verdier, T. - Banque de France - 2012
How well does the theory of the firm explain the choice between intrafirm and arms' length trade? This paper uses firm …
Persistent link: https://www.econbiz.de/10009651281
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Market access in global and regional trade
de Sousa, J.; Mayer, T.; Zignago, S. - Banque de France - 2011
estimate the impact of national borders on global and regional trade flows. Results show that difficulties faced by developing … still have an influence on trade patterns, they do not seem to explain an important part of the border effect. Last, our … expected ranking between their respective trade impact. …
Persistent link: https://www.econbiz.de/10009391777
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Shipment frequency of exporters and demand uncertainty.
Békès, G.; Fontagné, L.; Murakozy, B.; Vicard, V. - Banque de France - 2014
This paper analyzes how firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as well as inventory and per...
Persistent link: https://www.econbiz.de/10010815983
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European Export Performance.
Cheptea, A.; Fontagné, L.; Zignago, S. - Banque de France - 2012
on an econometric shift-share decomposition and we consider the EU-27 as an integrated economy, excluding intra-EU trade …
Persistent link: https://www.econbiz.de/10010565833
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Variable Trade Costs, Composition Effects, and the Intensive Margin of Trade.
Berthou, A.; Fontagné, L. - Banque de France - 2015
We estimate the elasticity of extra-EU French firm-level exports with respect to applied tariffs, a variable trade cost …
Persistent link: https://www.econbiz.de/10011207677
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Economic Policy Uncertainty and Inflation Expectations.
Istrefi, K.; Piloiu, A. - Banque de France - 2014
Theory and evidence suggest that in an environment of well-anchored expectations, temporary economic news or shocks should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are sensitive to...
Persistent link: https://www.econbiz.de/10010937890
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Monetary Policy Inertia or Persistent Shocks?
Carrillo, J.; Fève, P.; Matheron, J. - Banque de France - 2006
In this paper, we propose a simple econometric framework to disentangle the respective roles of monetary policy inertia and persistent shocks in interest rate rules. The procedure exploits the cross-equation restrictions provided by a DSGE model which is confronted to a monetary SVAR. We show...
Persistent link: https://www.econbiz.de/10005082518