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Asia’s Growth, the Changing Geography of World Trade, and Food Security: Projections to 2030

Anderson, Kym; Strutt, Anna - C.E.P.R. Discussion Papers - 2012

Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of gravity away from the north Atlantic, raising the importance of Asia in world trade but also altering the commodity composition of trade by Asia and other regions. What began with...

Persistent link: https://www.econbiz.de/10011083385

Emerging Economies, Productivity Growth, and Trade with Resource-Rich Economies by 2030

Anderson, Kym; Strutt, Anna - C.E.P.R. Discussion Papers - 2013

Rapid economic growth in some emerging economies in recent decades has significantly increased their global economic importance. If this rapid growth continues and is strongest in resource-poor Asian economies, the growth in global demand for imports of primary products also will continue, to...

Persistent link: https://www.econbiz.de/10011084563

Export Restrictions and Price Insulation During Commodity Price Booms

Anderson, Kym; Martin, Will - C.E.P.R. Discussion Papers - 2011

For individual countries, variable trade barriers can be used to reduce the volatility of domestic relative to world prices. If this is done by countries accounting for a large share of the market, its effect is offset by increases in world price volatility. This study shows the nature of the...

Persistent link: https://www.econbiz.de/10009207521

Weather shocks and English wheat yields, 1690-1871

Brunt, Liam - C.E.P.R. Discussion Papers - 2015

We estimate a time series model of weather shocks on English wheat yields for the early nineteenth century and use it … to predict weather effects on yield levels from 1697 to 1871. This reveals that yields in the 1690s were depressed by … unusually poor weather; and those in the late 1850s were inflated by unusually good weather. This has led researchers to …

Persistent link: https://www.econbiz.de/10011249371

Labour Specialization and City Formation

Berliant, Marcus; Zenou, Yves - C.E.P.R. Discussion Papers - 1995

This paper explores the formation of cities through labour specialization, gains to trade, a fixed cost for the transportation network, imperfect competition between firms, and the commuting costs of consumers. The model uses a very general setting, allowing a multidimensional location space and...

Persistent link: https://www.econbiz.de/10005498079

Asset Prices and Institutional Investors

Basak, Suleyman; Pavlova, Anna - C.E.P.R. Discussion Papers - 2012

Empirical evidence indicates that trades by institutional investors have sizable effects on asset prices, generating phenomena such as index effects, asset-class effects and others. It is difficult to explain such phenomena within standard representative-agent asset pricing models. In this...

Persistent link: https://www.econbiz.de/10011083249

Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2012

This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set of small open economies, whose driving force is the intergenerational conflict over debt, taxes, and public goods. Subsequent generations of voters choose fiscal policy through repeated elections....

Persistent link: https://www.econbiz.de/10011083405

Asset Prices with Heterogeneity in Preferences and Beliefs

Bhamra, Harjoat Singh; Uppal, Raman - C.E.P.R. Discussion Papers - 2013

In this paper, we study asset prices in a dynamic, continuous-time, general-equilibrium endowment economy where agents have “catching up with the Joneses” utility functions and differ with respect to their beliefs (because of differences in priors) and their preference parameters for time...

Persistent link: https://www.econbiz.de/10011083492

Toward a theory of monopolistic competition

Parenti, Mathieu; Thisse, Jacques-François; Ushchev, Philip - C.E.P.R. Discussion Papers - 2014

We propose a general model of monopolistic competition, which encompasses existing models while being flexible enough to take into account new demand and competition features. The basic tool we use to study the market outcome is the elasticity of substitution at a symmetric consumption pattern,...

Persistent link: https://www.econbiz.de/10011083517

Labor Differentiation and Agglomeration in General Equilibrium

Berliant, Marcus; Zenou, Yves - C.E.P.R. Discussion Papers - 2012

The aim of this paper is to explore the structure of cities as a function of labor differentiation, gains to trade, a fixed cost for constructing the transportation network, a variable cost of commodity transport, and the commuting costs of consumers. Firms use different types of labor to...

Persistent link: https://www.econbiz.de/10011083732