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The Wage Effects of Immigration and Emigration

Docquier, Frédéric - 2010

In this paper, we simulate the long-run effects of migrant flows on wages of high-skilled and low-skilled non-migrants in a set of countries using an aggregate model of national economies. New in this literature we calculate the wage effect of emigration as well as immigration. We focus on...

Persistent link: https://www.econbiz.de/10012462010

Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...

Persistent link: https://www.econbiz.de/10012629513

COVID-19 and Emerging Markets : An Epidemiological Model with International Production Networks and Capital Flows

Çakmaklı, Cem - 2020

normalize the demand. Economic costs are much larger for an open economy because of the amplification role of international … the production network. We document that sectors with stronger international input-output linkages and higher external …

Persistent link: https://www.econbiz.de/10012481774

The Economic Case for Global Vaccinations : An Epidemiological Model with International Production Networks

Çakmaklı, Cem; Demiralp, Selva; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

-epidemiological framework that combines a SIR model with international production and trade networks. Based on this framework, we estimate the …

Persistent link: https://www.econbiz.de/10012482613

How Big are the Gains from International Financial Integration?

Hoxha, Indrit - 2009

The literature has shown that the implied welfare gains from international financial integration are very small. We …

Persistent link: https://www.econbiz.de/10012464013

Capital Flows in a Globalized World : The Role of Policies and Institutions

Alfaro, Laura - 2005

We describe the patterns of international capital flows in the period 1970 - 2000. We then examine the determinants of …

Persistent link: https://www.econbiz.de/10012466976

Financial Regulation, Financial Globalization and the Synchronization of Economic Activity

Kalemli-Ozcan, Sebnem - 2009

banks' international exposure for industrialized countries during 1978- 2006. Theory makes ambiguous predictions and …

Persistent link: https://www.econbiz.de/10012008492

Gross Capital Flows by Banks, Corporates and Sovereigns

Avdjiev, Stefan - 2017

We construct a new dataset of quarterly capital flows by sector and establish four facts. First, the co-movement of capital inflows and outflows is driven by banks. Second, procyclicality of capital inflows is driven by banks and corporates, whereas sovereigns' external liabilities move...

Persistent link: https://www.econbiz.de/10012455565

Emergence of Asia : Reforms, Corporate Savings, and Global Imbalances

Fan, Jingting - 2016

One of the explanations for global imbalances is the self-financing behavior of credit-constrained firms in rapidly growing emerging markets. We use an extensive firm-level data set from several Asian countries during 2002-2011, and test the micro foundation of this theory by estimating the...

Persistent link: https://www.econbiz.de/10012456342

How to Construct Nationally Representative Firm Level data from the ORBIS Global Database

Kalemli-Ozcan, Sebnem - 2015

Firm-level data on productivity, financial activity and firms' international linkages have become essential for … research in the fields of macro, international finance and growth. This paper describes the development of a firm-level global … from balance sheets and income statements together with detailed information on firms' domestic and international ownership …

Persistent link: https://www.econbiz.de/10012457111