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In this paper we show that the delegation of monetary policy to an independent and more conservative central banker is an optimal policy in an international context with monetary spillovers between countries, even in the absence of time inconsistency (credibility) issues. We also study the...
Persistent link: https://www.econbiz.de/10005114375
What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...
Persistent link: https://www.econbiz.de/10009275961
evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border …
Persistent link: https://www.econbiz.de/10008496456
choices and interpret them structurally as reactions, shaped by country-specific characteristics, to exogenous globalization …
Persistent link: https://www.econbiz.de/10008468654
sources into those attributable to productivity events in the core and to globalization forces connecting core to periphery …
Persistent link: https://www.econbiz.de/10005123574
This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill-biased technical change; inequality among high incomes;...
Persistent link: https://www.econbiz.de/10005123580
fact been bell-shaped. We argue that this bell-shaped evolution of wage inequality can be linked to globalization and a … rise in offshoring. To analyze the relationship between globalization, offshoring and relative wages, we develop a general … equilibrium model of trade and offshoring. This reveals that globalization and offshoring have two opposing effects on relative …
Persistent link: https://www.econbiz.de/10005123637
In this Paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …
Persistent link: https://www.econbiz.de/10005124080
This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial … model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a … move varieties between life cycle stages, their importance increases due to globalization. The many new opportunities for …
Persistent link: https://www.econbiz.de/10005124127
We examine how globalization affects firms’ incentives to provide general worker training. We consider a three …
Persistent link: https://www.econbiz.de/10005124275