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International Recessions
Perri, Fabrizio; Quadrini, Vincenzo - C.E.P.R. Discussion Papers - 2011
The 2008-2009 crisis was characterized by an unprecedented degree of international synchronization as all major industrialized countries experienced large macroeconomic contractions around the date of Lehman bankruptcy. At the same time countries also experienced large and synchronized...
Persistent link: https://www.econbiz.de/10009225956
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Fire Sales and Information Advantage: When Informed Investor Helps
Massa, Massimo; Zhang, Lei - C.E.P.R. Discussion Papers - 2015
We study the relation between information and fire sales during a crisis. We argue that the reinforcing effect of funding liquidity on market liquidity is weaker when investors have more information about the assets facing sudden price drops (Brunnermeier and Pedersen, 2009). We focus on the...
Persistent link: https://www.econbiz.de/10011252619
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Consumers' Activism: the Facebook boycott of Cottage Cheese
Hendel, Igal E; Lach, Saul; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2015
We study a consumer boycott on cottage cheese that was organized in Israel on Facebook in the summer of 2011 following a steep increase in prices after price controls were lifted in 2006. The boycott led to an immediate decline in prices which stayed low more than three years after the boycott....
Persistent link: https://www.econbiz.de/10011186620
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Is Cannabis a Stepping-Stone for Cocaine?
Ours, Jan C van - C.E.P.R. Discussion Papers - 2001
This Paper uses a unique dataset collected among inhabitants of Amsterdam, to study the dynamics in the consumption of cannabis and cocaine. If people start using these drugs they are most likely to do so at age 18-20 for cannabis and age 20-25 for cocaine. An analysis of the starting rates...
Persistent link: https://www.econbiz.de/10005497739
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Reform Without Losers: An Interpretation of China's Dual-Track Approach to Transition
Lau, Lawrence J; Qian, Yingyi; Roland, Gérard - C.E.P.R. Discussion Papers - 1998
worked in product and labour markets in China’s economic reform in practice. …
Persistent link: https://www.econbiz.de/10005504255
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One Third of the World's Growth and Inequality
Quah, Danny - C.E.P.R. Discussion Papers - 2002
This Paper studies growth and inequality in China and India – two economies that account for a third of the world … countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are …
Persistent link: https://www.econbiz.de/10005498030
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The Limits of Career Concerns in Federalism: Evidence from China
Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015
Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...
Persistent link: https://www.econbiz.de/10011165652
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A DSGE Model of China
Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014
We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping …
Persistent link: https://www.econbiz.de/10011083573
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Trade liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters
Khandelwal, Amit; Schott, Peter K.; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2012
If trade barriers are managed by inefficient institutions, trade liberalization can lead to greater-than-expected gains. We examine Chinese textile and clothing exports before and after the removal of externally imposed quotas. Both the surge in export volumes and the decline in prices after the...
Persistent link: https://www.econbiz.de/10011083645
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US Special Safeguard on Imports of Tires from China: Imposing Pain for Little Gain
Charnovitz, Steve; Hoekman, Bernard - C.E.P.R. Discussion Papers - 2012
In 2009, the United States imposed additional tariffs for a three-year period on imports of automotive tires from China … under a special-safeguard provision included in China’s Protocol of Accession to the WTO. China challenged the measure in … in which an accession protocol was used successfully as a defense; and the first that China lost as a complaining party …
Persistent link: https://www.econbiz.de/10011083656