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Trade-in-goods and trade-in-tasks: An Integrating Framework

Baldwin, Richard; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2010

-way offshoring/trade-in-tasks. …

Persistent link: https://www.econbiz.de/10008468674

Offshoring: General Equilibrium Effects on Wages, Production and Trade

Baldwin, Richard; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2007

A simple model of offshoring, which depicts offshoring as ‘shadow migration,’ permits straightforward derivation of … necessary and sufficient conditions for the effects on wages, prices, production and trade. We show that offshoring requires … modification of the four classic international trade theorems, so econometricians who ignore offshoring might reject the Heckscher …

Persistent link: https://www.econbiz.de/10005504595

Spiders and Snakes: Offshoring and Agglomeration in the Global Economy

Baldwin, Richard; Venables, Anthony J - C.E.P.R. Discussion Papers - 2010

Global production sharing is determined by international cost differences and frictions related to the costs of unbundling stages spatially. The interaction between these forces depends on engineering details of the production process with two extremes being ‘snakes’ and ‘spiders’....

Persistent link: https://www.econbiz.de/10008784697

Supply-chain trade: A portrait of global patterns and several testable hypotheses

Baldwin, Richard; Lopez-Gonzalez, Javier - C.E.P.R. Discussion Papers - 2013

The trade linked to international production networks – supply-chain trade for short – is associated with momentous global economic changes. This paper presents a portrait of the global pattern of supply-chain trade and how it has evolved since 1995. The paper draws on a variety of data...

Persistent link: https://www.econbiz.de/10011083297

Offshoring high-skilled jobs: EU multinationals and domestic employment of inventors

Abramovsky, Laura; Griffith, Rachel; Miller, Helen - C.E.P.R. Discussion Papers - 2012

-skilled employment in headquarter countries. We estimate of the impact offshoring inventors has on firms' use of inventors at home using …

Persistent link: https://www.econbiz.de/10011084698

Agglomeration, Offshoring and Heterogenous Firms

Baldwin, Richard; Okubo, Toshihiro - C.E.P.R. Discussion Papers - 2006

possibility that freer trade also alters the firm-size distribution via international firm migration (offshoring); firms must, by …

Persistent link: https://www.econbiz.de/10005666664

Monetary Policy Shocks and Portfolio Choice

Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - C.E.P.R. Discussion Papers - 2010

The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...

Persistent link: https://www.econbiz.de/10008692318

A global monetary tsunami? On the spillovers of US Quantitative Easing

Fratzscher, Marcel; Lo Duca, Marco; Straub, Roland - C.E.P.R. Discussion Papers - 2012

The paper analyses the global spillovers of the Federal Reserve’s unconventional monetary policy measures since 2007. First, we find that Fed measures in the early phase of the crisis (QE1), but not since 2010 (QE2), were highly effective in lowering sovereign yields and raising equity markets...

Persistent link: https://www.econbiz.de/10011083739