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Measuring the Integration of Staple Food Markets in Sub-Saharan Africa: Heterogeneous Infrastructure and Cross Border Trade in the East African Community

Ihle, Rico; Cramon-Taubadel, Stephan von; Zorya, Sergiy - CESifo - 2011

This analysis employs cointegration methods and semiparametric regression in order to assess the integration of maize markets and the factors determining national and cross-national transmission of price signals in Sub-Saharan Africa. We use a rich dataset of 16 series of wholesale maize prices...

Persistent link: https://www.econbiz.de/10008914284

How to be Well Shod to Absorb Shocks? Shock Synchronization and Joining the Euro Zone

Gilson, Natacha - CESifo - 2006

This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in …

Persistent link: https://www.econbiz.de/10005766277

Inter- and Intra-generational Consequences of Pension Buffer Policy under Demographic, Financial and Economic Shocks

Bucciol, Alessandro; Beetsma, Roel - CESifo - 2009

response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many … simulations show that pension buffers are highly volatile when the shocks are drawn from realistically modelled multivariate shock …

Persistent link: https://www.econbiz.de/10008534014

External Shocks and Banking Crises in Developing Countries: Does the Exchange Rate Regime Matter?

Mendis, Chandima - CESifo - 2002

trade shocks and capital flows are analyzed. The choice of the nominal exchange rate regime is found to be a crucial factor … in the way various shocks are transmitted through the monetary sector. A logit model is used on panel data and … preliminary results indicate that countries with flexible regimes were able to lessen the impact of external shocks on the …

Persistent link: https://www.econbiz.de/10005051560

Is Fiscal Policy Coordination in EMU Desirable?

Beetsma, Roel; Debrun, Xavier; Klaassen, Frank - CESifo - 2001

beneficial when the correlation of the shocks hitting the various economies is low. However, given the potentially adverse … likely to be counterproductive when demand or supply shocks are highly symmetric across countries and the governments are …

Persistent link: https://www.econbiz.de/10005181594

Is there a Role for an Active Fiscal Stabilization Policy?

Andersen, Torben - CESifo - 2005

This paper discusses the need and scope for an active fiscal stabilization policy. It is argued that the effectiveness of fiscal policy as a short run stabilizer does not depend on the long run multipliers of (balanced budget) fiscal policies. To the extent that activity can be affected by...

Persistent link: https://www.econbiz.de/10005196205

The Fossil Episode

Hassler, John; Sinn, Hans-Werner - CESifo - 2012

We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an initial pre-industrial phase to three following phases: a pure fossil...

Persistent link: https://www.econbiz.de/10010877924

Same Same But Different: Dialects and Trade

Lameli, Alfred; Nitsch, Volker; Suedekum, Jens; Wolf, … - CESifo - 2013

Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade significantly more with each other than countries using different languages, holding other factors constant. In this paper, we show that this trade-promoting effect of language...

Persistent link: https://www.econbiz.de/10010877639

Foreign Languages and Trade

Fidrmuc, Jan; Fidrmuc, Jarko - CESifo - 2014

Cultural factors and especially common languages are well-known determinants of trade. By contrast, the knowledge of foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the main languages used in EU and candidate countries....

Persistent link: https://www.econbiz.de/10010877678

Tariff Liberalization and Trade Integration of Emerging Countries

Disdier, Anne-Célia; Fontagné, Lionel Gérard; … - CESifo - 2013

We investigate how tariff liberalization has affected exporting in emerging countries. We use a highly disaggregated bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round and episodes of bilateral liberalization. Our...

Persistent link: https://www.econbiz.de/10010877681

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