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Globalization in historical perspective
Bordo, Michael D. (ed.); Taylor, Alan M. (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10013480751
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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
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Land, Labor and the Wage-Rental Ratio : Factor Price Convergence in the Late Nineteenth Century
O'Rourke, Kevin - 1996
Old World and New, by far the biggest participants in the global convergence during the period; and the focus is on land … World and collapsed in the New, moving the resource-rich and labor scarce New World closer to the resource-scarce and labor …-abundant Old World. The paper uses both computable general equilibrium models and econometrics to identify the forces causing the …
Persistent link: https://www.econbiz.de/10012473022
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Trade, Technology, and the Great Divergence
O'Rourke, Kevin Hjortshøj - 2019
Why did per capita income divergence occur so dramatically during the 19th Century, rather than at the outset of the Industrial Revolution? How were some countries able to reverse this trend during the globalization of the late 20th Century? To answer these questions, this paper develops a...
Persistent link: https://www.econbiz.de/10012479692
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After the Panic : Are Financial Crises Demand or Supply Shocks? Evidence from International Trade
Benguria, Felipe - 2019
Are financial crises a negative shock to demand or a negative shock to supply? This is a fundamental question for both macroeconomics researchers and those involved in real-time policymaking, and in both cases the question has become much more urgent in the aftermath of the recent financial...
Persistent link: https://www.econbiz.de/10012479740
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Financial Crises, Credit Booms, and External Imbalances : 140 Years of Lessons
Jordà, Òscar - 2010
Do external imbalances increase the risk of financial crises? In this paper, we study the experience of 14 developed countries over 140 years (1870-2008). We exploit our long-run dataset in a number of different ways. First, we apply new statistical tools to describe the temporal and spatial...
Persistent link: https://www.econbiz.de/10012462090
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Credit Booms Gone Bust : Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
Schularick, Moritz - 2009
The crisis of the advanced economies in 2008-09 has focused new attention on money and credit fluctuations, financial crises, and policy responses. We study the behavior of money, credit, and macroeconomic indicators over the long run based on a new historical dataset for 14 countries over the...
Persistent link: https://www.econbiz.de/10012463137
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Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
Obstfeld, Maurice - 2009
for international reserves. In previous work, we have shown that international reserve demand can be rationalized by a …
Persistent link: https://www.econbiz.de/10012463821
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Stuck on Gold : Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard
Chernyshoff, Natalia - 2005
absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in …
Persistent link: https://www.econbiz.de/10012466876
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Collateral Damage : Trade Disruption and the Economic Impact of War
Glick, Reuven - 2005
economic activity, especially international trade. We study the effects of war on bilateral trade with available data extending … of World War I and World War II …
Persistent link: https://www.econbiz.de/10012467113