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In the literature on exports and investment, most productive firms are seen to invest abroad. In the Helpman et al. (2004) model, costs of transportation play a critical role in the decision about whether to serve foreign customers by exporting, or by producing abroad. We consider the case of...
Persistent link: https://www.econbiz.de/10014403090
manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than …Using domestic and export price data and a framework of markup over cost, pricing behavior of U.S. and Japanese … American exporters, who tend to price to domestic cost. Japanese firms seem to price discriminate between domestic, and export …
Persistent link: https://www.econbiz.de/10014395791
This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325
claims in Italy as a key way to improve the environment for sustaining economic growth. There has been considerable interest … in the possibility of introducing a comprehensive wealth tax in Italy, reflecting the public resistance to spending …
Persistent link: https://www.econbiz.de/10011243825
borrowing agreement (the 'Agreement') with the Bank of Italy (hereafter, Italy or Purchaser), by which Italy will provide new …
Persistent link: https://www.econbiz.de/10014408708
agreement (the 'Agreement') with the Bank of Italy, by which Italy will provide new loan resources of up to SDR 800 million (see …
Persistent link: https://www.econbiz.de/10014410251
Italy’s 2008 Article IV Consultation describes the country's economic developments and policies. Output has been …
Persistent link: https://www.econbiz.de/10014406036
This 2002 Article IV Consultation highlights that the economic slowdown in Italy in 2001 has been followed by only a …
Persistent link: https://www.econbiz.de/10014406357
There is broad agreement on the appropriateness of the budget deficit target. The government aims to strengthen expenditure control and efficiency, at the national and at subnational levels, to achieve a reduction in the tax burden while cutting the fiscal deficit. The IMF staff suggested...
Persistent link: https://www.econbiz.de/10014402957
exchange rate expectations and on interest rates on publicly held government debt. In Italy, the high stock of such debt in …
Persistent link: https://www.econbiz.de/10014396172