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Lending Booms: Latin America and the World
Gourinchas, Pierre-Olivier; Landerretche, Oscar; … - C.E.P.R. Discussion Papers - 2001
Recent theories on the origins of crises put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So, are lending booms dangerous? In this Paper, we investigate this question empirically using a broad sample of...
Persistent link: https://www.econbiz.de/10005136756
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Public investment: a remedy or a curse? Examining the Role of Public Investment for Macroeconomic Performance
Ismihan, Mustafa; Ozkan, F Gulcin - C.E.P.R. Discussion Papers - 2007
This paper explores the implications of public investment for macroeconomic performance within a simple two-period policymaking model. We show that under the balanced-budget rule, the contribution of public investment to future output plays a key role in determining its effects on macroeconomic...
Persistent link: https://www.econbiz.de/10005791555
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Macroeconomic Shocks, the ERM, and Tri-Polarity
Bayoumi, Tamim; Taylor, Mark P - C.E.P.R. Discussion Papers - 1992
We analyse the importance of ERM membership for macroeconomic performance by comparing the behaviour of real output growth and inflation of members and non-members of the ERM. Taking the traditional aggregate supply and demand model as the basis for the analysis, we propose and implement an...
Persistent link: https://www.econbiz.de/10005792086
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The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices
Auer, Raphael; Fischer, Andreas M; Kropf, Andreas - C.E.P.R. Discussion Papers - 2011
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
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Tear Down this Wall: On the Persistence of Borders in Trade
Nitsch, Volker; Wolf, Nikolaus - C.E.P.R. Discussion Papers - 2009
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
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Whence Policy? Government Policies, Finance, and Economic Integration
Bertola, Giuseppe; Lo Prete, Anna - C.E.P.R. Discussion Papers - 2010
choices and interpret them structurally as reactions, shaped by country-specific characteristics, to exogenous globalization …
Persistent link: https://www.econbiz.de/10008468654
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Globalization, De-Industrialization and Mexican Exceptionalism 1750-1879
Galvarriato, Aurora Gómez; Gonzales, Rafael Dobado; … - C.E.P.R. Discussion Papers - 2007
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
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Controversies about the Rise in American Inequality: A Survey
Dew-Becker, Ian; Gordon, Robert J - C.E.P.R. Discussion Papers - 2008
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
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A New Look at Offshoring and Inequality: Specialization Versus Competition
Ekholm, Karolina; Ulltveit-Moe, Karen-Helene - C.E.P.R. Discussion Papers - 2007
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
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Globalization and Inequality: Evidence from within China
Wei, Shang-Jin; Wu, Yi - C.E.P.R. Discussion Papers - 2001
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