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market countries we estimate that vertical specialization accounts for up to 30 percent of world exports, and has grown as …
Persistent link: https://www.econbiz.de/10005526268
Persistent link: https://www.econbiz.de/10005387327
-through. Second, we test and quantify the theoretical mechanisms using Belgian firm-product-level data with information on exports by … destination and imports by source country. We confirm that import intensity and market share are the prime determinants of pass …
Persistent link: https://www.econbiz.de/10010599270
We extend a standard New Keynesian model both to incorporate heterogeneity in spending opportunities along with two sources of (potentially time-varying) credit spreads and to allow a role for the central bank's balance sheet in determining equilibrium. We use the model to investigate the...
Persistent link: https://www.econbiz.de/10008636146
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. Aggregate data on prices and quantities of imports, outputs, and factor supplies are constructed from disaggregate sources. The … final goods prices. In contrast, imports have played a negligible direct role. …
Persistent link: https://www.econbiz.de/10005526274
In the evolving analysis of global imbalances, the possibility that countries will resort to increased protectionism is often mentioned but rarely analyzed. This paper attempts to fill that gap, examining the macroeconomic implications of a shift to protectionist policies through the lens of a...
Persistent link: https://www.econbiz.de/10005420533
With "home bias," a consumer differentiates between domestic goods and imports and tends to purchase the domestic …, thus making imports prohibitively expensive? Is there some inherent distrust of a foreign product? ; This paper probes the … enterprises, in addition to data on U.S. bilateral exports and domestic sales by host-country firms. ; I find that the apparent …
Persistent link: https://www.econbiz.de/10005420538
pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country …'s macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty …
Persistent link: https://www.econbiz.de/10005420564
from U.S. imports has been an important source of gains from trade over the last three decades (1972-2001). Using extremely … from variety growth in imports alone are 2.8 percent of GDP. …
Persistent link: https://www.econbiz.de/10005420588