Showing 1 - 10 of 67
We construct a new linked data set with over one thousand offshoring events by matching Trade Adjustment Assistance … domestic firm-level aggregate employment, output, wages and productivity. Consistent with heterogenous firm models where … productivity measures for offshoring firms. These results are consistent across two separate difference-in-differences (DID …
Persistent link: https://www.econbiz.de/10011075150
, reduced markup countercyclicality, and weaker substitution effects in labor supply in response to productivity shocks. Bank … market integration thus contributes to moderation of firm-level and aggregate output volatility. In turn, trade and financial …
Persistent link: https://www.econbiz.de/10010886231
This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital inflows and find that these events are typically accompanied by an economic...
Persistent link: https://www.econbiz.de/10011268459
This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result...
Persistent link: https://www.econbiz.de/10011075151
We examine the extent to which differences in international tax rates may account for the small correlations of per capita consumption fluctuations across countries. Theory implies a close relationship between relative consumption growth, and consumption and capital income tax rate...
Persistent link: https://www.econbiz.de/10010787056
The absence of data has, until now, precluded virtually all research on trading volume in the foreign exchange market. This paper introduces a new high-frequency foreign exchange dataset from EBS (Electronic Broking Service) that includes trading volume in the global interdealer spot market. The...
Persistent link: https://www.econbiz.de/10005368281
Using consumer price indexes from cities in the U.S., Canada and Mexico, we estimate the "border effect" on U.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very stable sub-period in Mexico (May 1988 to November...
Persistent link: https://www.econbiz.de/10005368355
countries have collectively seen an improvement in their terms of trade during the crisis, reversing pre-crisis declines. The …
Persistent link: https://www.econbiz.de/10005372616
Though China's share of world trade is comparable to that of Japan, little is known about the response of China's trade … to changes in exchange rates. The few estimates available suffer from two limitations. First, the data for trade prices … empirical model explaining the shares of China's exports and imports in world trade in terms of the real effective value of the …
Persistent link: https://www.econbiz.de/10005712652
investigation, I build a multi-country trade model with endogenous adoption of a new transportation technology that is consistent … future usage, adoption costs, and trade with the United States, the first and largest user of containerization. …
Persistent link: https://www.econbiz.de/10011075130