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each 1 percentage point increase in exposure to the US tariffs was associated with a 0.59% reduction in night … grids with negligible direct exposure to the US tariffs accounted for up to 70% of China's population, we infer that the 2 … tariffs …
Persistent link: https://www.econbiz.de/10012660027
find that in response to the 2018 tariffs on nearly all source countries, the price of washers rose by nearly 12 percent …; the price of dryers--a complementary good not subject to tariffs--increased by an equivalent amount. Factoring in the … effect of dryers and price increases by domestic brands, our estimates for the 2018 tariffs on washers imply a tariff …
Persistent link: https://www.econbiz.de/10012479717
decline in import growth. We then construct measures of export exposure to import tariffs by linking tariffs paid by importing …
Persistent link: https://www.econbiz.de/10014337835
This paper analyzes the sovereign risk contagion using credit default swaps (CDS) and bond premiums for the major eurozone countries. By emphasizing several econometric approaches (nonlinear regression, quantile regression and Bayesian quantile regression with heteroskedasticity) we show that...
Persistent link: https://www.econbiz.de/10012459921
In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income question on the Monthly Current Population Survey (CPS)...
Persistent link: https://www.econbiz.de/10013362025
Casual observation indicates that in recent years real interest rates in the United States appear to have risen sharply and have remained high relative to historical standards. Many observers have claimed that these high real rates have been transmitted abroad and have lead to high real rates in...
Persistent link: https://www.econbiz.de/10012477666
The paper compares migration policy and welfare state generosity between America and Europe. There is more selective skill-based migration policy in the US compared to the European Union. Policy coordination among states within the federal system on migration, taxes, and social benefits among...
Persistent link: https://www.econbiz.de/10012482345
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and evaluated, with the aim of drawing lessons for monetary policy from the recent historical record. All four countries shifted during this period to money targeting, though with...
Persistent link: https://www.econbiz.de/10012476592
We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring skilled and unskilled labor, detailed region-specific demographics and fiscal policies. Eliminating the model's U.S. corporate income tax produces rapid and dramatic increases in...
Persistent link: https://www.econbiz.de/10012458906
The European Central Bank is unique in setting monetary policy for several sovereign states with heterogeneous debt levels and different maturity structures. The monetary-fiscal nexus is central to the functioning of the euro area. We focus on one particular aspect of that nexus, the effect the...
Persistent link: https://www.econbiz.de/10013537713