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Moser, Christoph; Rose, Andrew K - C.E.P.R. Discussion Papers - 2012

the span between the start of trade talks and their conclusion. We use data from 88 regional trade agreements between 1988 …

Persistent link: https://www.econbiz.de/10011083302

Economics and Climate Change: Integrated Assessment in a Multi-Region World

Hassler, John; Krusell, Per - C.E.P.R. Discussion Papers - 2012

This paper develops a model that integrates the climate and the global economy---an integrated assessment model---with which different policy scenarios can be analyzed and compared. The model is a dynamic stochastic general-equilibrium setup with a continuum of regions. Thus, it is a full...

Persistent link: https://www.econbiz.de/10011084727

Spatial Methods

Gibbons, Steve; Overman, Henry G; Patacchini, Eleonora - C.E.P.R. Discussion Papers - 2014

This paper is concerned with methods for analysing spatial data. After initial discussion on the nature of spatial data, including the concept of randomness, we focus most of our attention on linear regression models that involve interactions between agents across space. The introduction of...

Persistent link: https://www.econbiz.de/10011084195

Heterogeneity in Wage Setting Behavior in a New-Keynesian Model

Eijffinger, Sylvester C W; Grajales, Anderson; Uras, … - C.E.P.R. Discussion Papers - 2015

In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent …) framework by incorporating heterogeneity in nominal wage setting behavior among households. We solve this DSGE model and … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

Persistent link: https://www.econbiz.de/10011249376

How do different exporters react to exchange rate changes? Theory, empirics and aggregate implications

Berman, Nicolas; Martin, Philippe; Mayer, Thierry - C.E.P.R. Discussion Papers - 2009

strategy. Hence, pricing to market is both endogenous and heterogenous. This heterogeneity has important consequences for the …

Persistent link: https://www.econbiz.de/10008506840

Exports Versus FDI Revisited: Does Finance Matter?

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - C.E.P.R. Discussion Papers - 2010

The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of...

Persistent link: https://www.econbiz.de/10008468589

Financial Constraints and the Margins of FDI

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - C.E.P.R. Discussion Papers - 2009

Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and...

Persistent link: https://www.econbiz.de/10008528519

Dispersion of Beliefs in the Foreign Exchange Market

Jongen, Ron; Verschoor, Willem F C; Wolff, Christian C; … - C.E.P.R. Discussion Papers - 2008

be significant and positive for different measures of both trader heterogeneity and market volatility. …

Persistent link: https://www.econbiz.de/10005136619

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - C.E.P.R. Discussion Papers - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...

Persistent link: https://www.econbiz.de/10005136707

Household Heterogeneity and the Real Exchange Rate: Still a Puzzle

Kollmann, Robert - C.E.P.R. Discussion Papers - 2009

persistent. The link between the real exchange rage and consumption (heterogeneity) remains a puzzle. …

Persistent link: https://www.econbiz.de/10005012492