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International Cooperation on Domestic Policies: Lessons from the WTO Competition Policy Debate

Hoekman, Bernard; Saggi, Kamal - C.E.P.R. Discussion Papers - 2004

International cooperation is generally driven by a desire to offset a negative spillover imposed by other countries or to help governments to overcome domestic political economy constraints that impede the adoption of welfare enhancing policy changes. In principle, both conditions are satisfied...

Persistent link: https://www.econbiz.de/10005067501

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …

Persistent link: https://www.econbiz.de/10008468688

Rebalancing Growth in China: A Three-Handed Approach

Blanchard, Olivier J; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2006

Our paper is an attempt to define the contours of the right macroeconomic strategy for China. In a nutshell, we believe …

Persistent link: https://www.econbiz.de/10005114183

International Dimensions of Optimal Monetary Policy

Corsetti, Giancarlo; Pesenti, Paolo - C.E.P.R. Discussion Papers - 2002

This Paper provides a baseline general-equilibrium model of optimal monetary policy among interdependent economies with monopolistic firms and nominal rigidities. An inward-looking policy of complete domestic output stabilization is not optimal when firms' markups are exposed to currency...

Persistent link: https://www.econbiz.de/10005662226

International Cooperation and Reputation in an Empirical Two-Bloc Model

Currie, David; Levine, Paul L; Vidalis, Nic - C.E.P.R. Discussion Papers - 1987

This paper examines three questions concerning the international coordination of macroeconomic policy. First it examines whether it is advantageous for governments to cooperate in the determination of monetary and fiscal policies. Second it asks whether it is helpful for governments to establish...

Persistent link: https://www.econbiz.de/10005662252

The Gold Standard Since Alec Ford

Eichengreen, Barry - C.E.P.R. Discussion Papers - 1989

This paper surveys studies of the classical Gold Standard published subsequent to Alec Ford's The Gold Standard 1880-1914: Britain and Argentina in 1962. Contributions tend either to emphasize stock equilibrium in money markets or stock-flow interactions in bond markets. The paper then addresses...

Persistent link: https://www.econbiz.de/10005791519

Intellectual Property Provisions in North-South Trade Agreements

Hoekman, Bernard; Saggi, Kamal - C.E.P.R. Discussion Papers - 2007

Using a repeated game approach, this paper models a North-South trade agreement under which North offers South improved market access (via a tariff reduction) if South agrees to prevent local imitation by strengthening its protection of intellectual property rights (IPRs). We show that such an...

Persistent link: https://www.econbiz.de/10005792159

Macroeconomics of International Price Discrimination

Corsetti, Giancarlo; Dedola, Luca - C.E.P.R. Discussion Papers - 2003

This Paper builds a baseline two-country model of real and monetary transmission in the presence of optimal international price discrimination by firms. Distributing traded goods to consumers requires non-tradables, intensive in local labour. Because of distributive trade the price elasticity of...

Persistent link: https://www.econbiz.de/10005124101

Multilateral Trade Cooperation: What Next?

Hoekman, Bernard; Vines, David - C.E.P.R. Discussion Papers - 2007

This paper first briefly describes the role of the WTO and its history. It then lays out a simple bargaining model of international negotiations, which can be used for understanding the Doha round of talks. This simple framework is used to distil and discuss a number of potential explanations...

Persistent link: https://www.econbiz.de/10005067675

Can International Policy Coordination Really Be Counterproductive?

Carraro, Carlo; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 1988

This paper shows that international policy coordination is not counterproductive in a world where the incentive to run beggar-thy-neighbor policies internationally arises from the inefficiency that characterizes, within each country, the interaction between policymakers and private agents. The...

Persistent link: https://www.econbiz.de/10005281385

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