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This paper reviews the available evidence and previous research on potential effects of financial globalization, that … globalization materially increased the influence of external developments on domestic monetary conditions? And, has it reduced the …
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We study the role of labor market mismatch in the adjustment to a trade liberalization that results in the offshoring of high-tech production. Our model features two-sided heterogeneity in the labor market: high- and low-skilled workers are matched in a frictional labor market with high- and...
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