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Monetary Policy and the Relative Price of Durable Goods

Cantelmo, Alessandro; Melina, Giovanni - CESifo - 2015

In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new house and nondurables prices. These findings survive three identification strategies and...

Persistent link: https://www.econbiz.de/10011272622

Substitutability and Protectionism: Latin America’s Trade Policy and Imports from China and India

Facchini, Giovanni; Olarreaga, Marcelo; Silva, Peri A.; … - CESifo - 2007

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, we extend the ‘protection for sale’ model to allow for different...

Persistent link: https://www.econbiz.de/10005765925

Business Cycles, International Trade and Capital Flows: Evidence from Latin America

Caporale, Guglielmo Maria; Girardi, Alessandro - CESifo - 2012

This paper adopts a flexible framework to assess both short- and long-run business cycle linkages between six Latin American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the period 1980:I-2011:IV. The result indicate that within...

Persistent link: https://www.econbiz.de/10010595388

An Economic Theory of Foreign Interventions and Regime Change

Bonfatti, Roberto - CESifo - 2011

I construct a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In equilibrium, the foreign country supports the group with which it has the strongest ties, since this is most...

Persistent link: https://www.econbiz.de/10009147745

Technological Regimes in the Brazilian Manufacturing Industry: An Empirical Investigation

Vieira, Vinicius; Resende, Marcelo - CESifo - 2013

The paper aims at assessing technological regimes in the context of the Brazilian manufacturing industry along the 2000-2005 period. The industries were classified in terms of SM-I and SM-II technological regimes by means of multivariate statistical methods based on variable approximating...

Persistent link: https://www.econbiz.de/10010608712

The Structure of Worker Compensation in Brazil, with a Comparison to France and the United States

Filho, Naércio Aquino Menezes; Muendler, Marc-Andreas; … - CESifo - 2006

We employ a comprehensive matched employer-employee data set for Brazil to analyze wage determinants and compare … selectivity of Brazilian workers into formal employment. The links between firm performance and wage components in Brazil resemble …

Persistent link: https://www.econbiz.de/10005766015

The Deepening China Brazil Economic Relationship

Whalley, John; Medianu, Dana - CESifo - 2010

We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil …’s largest export market while Brazil’s export share to the US has halved. The number of bilateral cooperation agreements between …

Persistent link: https://www.econbiz.de/10008833874

The Extensive Margin of Exporting Products: A Firm-level Analysis

Arkolakis, Costas; Muendler, Marc-Andreas - CESifo - 2010

We use a panel of Brazilian exporters, their products, and destination markets to document a set of regularities for multi-product exporters: (i) few top-selling products account for the bulk of a firm’s exports in a market, (ii) the distribution of exporter scope (the number of products per...

Persistent link: https://www.econbiz.de/10008833907

Austerity, Growth and Inflation. Remarks on the Eurozone's Unresolved Competitiveness Problem

Sinn, Hans-Werner - CESifo - 2013

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

Persistent link: https://www.econbiz.de/10010877720

China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency

McKinnon, Ronald Ian; Schnabl, Gunther - CESifo - 2014

repression in domestic interest rates—to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …

Persistent link: https://www.econbiz.de/10010877868