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26th International Seminar on Macroeconomics : [which took place in Barcelona on June 13 - 14, 2003 ..., organized by the National Bureau of Economic Research ...]
Eḳshṭain, Tsevi (contributor) - International Seminar on Macroeconomics <26, 2003, … - In: Journal of the European Economic Association 3 (2005) 5, pp. 967-1057
Persistent link: https://www.econbiz.de/10003101383
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The Central Bank's Dilemma : Look Through Supply Shocks or Control Inflation Expectations?
Beaudry, Paul; Carter, Thomas J.; Lahiri, Amartya - National Bureau of Economic Research - 2023
When countries are hit by supply shocks, central banks often face the dilemma of either looking through such shocks or reacting to them to ensure that inflation expectations remain anchored. In this paper, we propose a tractable framework to capture this dilemma and explore optimal policy under...
Persistent link: https://www.econbiz.de/10014372498
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Trade Linkages and Output-Multiplier Effects : A Structural VAR Approach with a Focus on Asia
Abeysinghe, Tilak - 2001
This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output fluctuations. The paper introduces a new specification...
Persistent link: https://www.econbiz.de/10012470116
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International Trade and the Environment : A Framework for Analysis
Copeland, Brian R. - 2001
Heckscher-Ohlin-Samuelson factor endowments model. We draw quite heavily from trade theory, but develop a simple pollution …
Persistent link: https://www.econbiz.de/10012470178
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Borders, Trade and Welfare
Anderson, James E. - 2001
International economic integration yields large potential welfare effects, even in a static constant returns competitive world economy. Our method is novel. The effect of border barriers on trade flows is often inferred from gravity models. But their rather atheoretic structure precludes welfare...
Persistent link: https://www.econbiz.de/10012470203
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Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Christiano, Lawrence J. - 2001
We present a model embodying moderate amounts of nominal rigidities which accounts for the observed inertia in inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after an expansionary shock to monetary policy. Of these...
Persistent link: https://www.econbiz.de/10012470317
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Centralization, Fiscal Federalism and Private School Attendance
Nechyba, Thomas J. - 2001
This paper uses a computational general equilibrium model to analyze the impact of public school finance regimes on rates of private school attendance. It is shown that, when viewed in such a general equilibrium context, state intervention in locally financed systems can have somewhat unexpected...
Persistent link: https://www.econbiz.de/10012470365
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Agency, Information and Corporate Investment
Stein, Jeremy C. - 2001
work for broader issues in both macroeconomics and the theory of the firm …
Persistent link: https://www.econbiz.de/10012470382
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A Unified Approach to Intra-Industry Trade and Direct Foreign Investment
Markusen, James R. - 2001
into each other. The purpose of this paper is to show how the theory of direct investment can now be integrated with the … theory of international trade in goods, and to show how the two combine to determine the pattern of trade and foreign … affiliate production. Empirical estimation gives good support to the predictions of the theory for intra-industry affiliate …
Persistent link: https://www.econbiz.de/10012470389
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General-Equilibrium Approaches to the Multinational Firm : A Review of Theory and Evidence
Markusen, James R. - 2001
, general-equilibrium theory of international trade. Recent advances indicate how vertical and horizontal multinationals arise … theory. In the second part of the paper, we examine empirical results that relate foreign affiliate production to country …
Persistent link: https://www.econbiz.de/10012470390