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We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese exports: a horizontal shock affecting firms selling goods that compete with similar imported Chinese goods, and a vertical shock affecting firms using inputs similar to the imported...
Persistent link: https://www.econbiz.de/10012616643
The Cobden-Chevalier treaty of 1860 eliminated many French import prohibitions and lowered tariffs between France and … other nations followed because of the use of the unconditional-MFN clause. Post-1860 in France, we find a significant rise …
Persistent link: https://www.econbiz.de/10012480825
implications for the severity of the COVID-19 recession, the design of policies, and the speed of the recovery …
Persistent link: https://www.econbiz.de/10012481180
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012482082
Financial crises cause economic, social and political havoc. Macroprudential policies are gaining traction but are still severely under-researched compared to monetary policy and fiscal policy. We use the general framework of sequential predictions also called online machine learning to forecast...
Persistent link: https://www.econbiz.de/10012482520
endogenous growth model with size-contingent regulations. We apply this to population administrative firm panel data from France …
Persistent link: https://www.econbiz.de/10012482599
Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation...
Persistent link: https://www.econbiz.de/10012462173
innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …
Persistent link: https://www.econbiz.de/10012464431
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain …
Persistent link: https://www.econbiz.de/10012465938
. Britain's control of the seas meant that it was much less affected than other nations, such as France and the United States …. Explicit welfare calculations are provided for four countries, Britain, France, Sweden and the United States. Welfare losses … France, and between 1.7-1.8% per annum in Britain. On the other hand, the conflict helped pave the way for the more liberal …
Persistent link: https://www.econbiz.de/10012467339