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Global Value Chains and Effective Exchange Rates at the Country-Sector Level
Patel, Nikhil - 2014
The real effective exchange rate (REER) is one of the most cited statistical constructs in international macroeconomics. With the rising importance of offshoring and outsourcing, the standard measures are increasingly flawed. In addition, because different sectors within a country may...
Persistent link: https://www.econbiz.de/10012458430
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The Effects of Oil Price Changes on the Industry-Level Production and Prices in the U.S. and Japan
Fukunaga, Ichiro - 2010
dynamic effects of each component on industry-level production and prices in the U.S. and Japan using identified VAR models … to the global oil market act mainly as negative supply shocks. In Japan, the oil-specific demand shocks as well as the …
Persistent link: https://www.econbiz.de/10012462859
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Distortions and the Structure of the World Economy
Caliendo, Lorenzo - 2017
We develop a model of the world economy as input-output relationships subject to distortions. We then propose a methodology to solve the identification problem, common to the literature on misallocation in input-output relationships, of separating sectoral TFPs from the sectoral distortions....
Persistent link: https://www.econbiz.de/10012455349
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Measures of Participation in Global Value Chains and Global Business Cycles
Wang, Zhi - 2017
This paper makes two methodological contributions. First, it proposes a framework to decompose total production activities at the country, sector, or country-sector level, to different types, depending on whether they are for pure domestic demand, traditional international trade, simple GVC...
Persistent link: https://www.econbiz.de/10012455459
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The Feasibility of Using Bayh-Dole March-In Rights to Lower Drug Prices : An Update
Ouellette, Lisa Larrimore; Sampat, Bhaven N. - National Bureau of Economic Research - 2024
In December 2023, the Biden-Harris Administration released a proposed framework for exercising government "march-in" rights on high-priced taxpayer-funded drugs. While both proponents and critics of the new rules view them as having broad scope, march-in rights can be exercised only on patents...
Persistent link: https://www.econbiz.de/10014512071
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The Impact of the 2018 Trade War on U.S. Prices and Welfare
Amiti, Mary - 2019
This paper explores the impacts of the Trump administration's trade policy on prices and welfare. Over the course of 2018, the U.S. experienced substantial increases in the prices of intermediates and final goods, dramatic changes to its supply-chain network, reductions in availability of...
Persistent link: https://www.econbiz.de/10012479624
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The U.S. Japan Trade Imbalance from the Japanese Perspective
Sato, Ryuzo - 1988
By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent …
Persistent link: https://www.econbiz.de/10012476588
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Regionalism and rivalry : Japan and the United States in Pacific Asia
Frankel, Jeffrey A. (ed.); Kahler, Miles (contributor) - 1993
Persistent link: https://www.econbiz.de/10013480821
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Understanding the Fiscal Theory of the Price Level
Christiano, Lawrence J. - 2000
We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the …
Persistent link: https://www.econbiz.de/10012471099
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The Fallacy of the Fiscal Theory of the Price Level
Buiter, Willem H. - 1999
or unsound argument'. The 'fiscal theory of the price level', recently re-developed by Woodford, Cochrane, Sims and … proponents of the fiscal theory of the price level do not accept the fundamental proposition that the government's intertemporal …. Policy conclusions could be drawn from the fiscal theory of the price level that would be harmful if they influenced the …
Persistent link: https://www.econbiz.de/10012471482