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A Meta-Analysis of the Effect of Common Currencies on International Trade

Rose, Andrew - 2004

Thirty-four recent studies have investigated the effect of currency union on trade, resulting in 754 point estimates of the effect. This paper is a quantitative attempt to summarize the current state of debate; meta-analysis is used to combine the disparate estimates. The chief findings are that:...

Persistent link: https://www.econbiz.de/10012468320

The Estimated Effects of the Euro on Trade : Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?

Frankel, Jeffrey A. - 2008

others used the gravity model on a much smaller data set to estimate the effects of the euro on trade among its members. The … that were estimated in the euro's first four years hold up in the second four years? The answer is yes. Second, and more … explanations for the gap between 15% and 200%. First, lags. The euro is still very young. Second, size. The European countries are …

Persistent link: https://www.econbiz.de/10012464108

The Dynamic Effects of Currency Union on Trade

Bergin, Paul - 2010

A currency union's ability to increase international trade is one of the most debated questions in international macroeconomics. This paper studies the dynamics of these trade effects. First, an empirical study of the European Monetary Union finds that the extensive margin of trade (entry of new...

Persistent link: https://www.econbiz.de/10012462396

Exchange Rate Regimes and the Extensive Margin of Trade

Bergin, Paul R. - 2008

This paper finds that currency unions and direct exchange rate pegs raise trade through distinct channels. Panel data analysis of the period 1973-2000 indicates that currency unions have raised trade predominantly at the extensive margin, the entry of new firms or products. In contrast, direct...

Persistent link: https://www.econbiz.de/10012464519

Estimating the Effect of Currency Unions on Trade and Output

Frankel, Jeffrey A. - 2000

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...

Persistent link: https://www.econbiz.de/10012470886

The Impressive Effects of Tutoring on PreK-12 Learning : A Systematic Review and Meta-Analysis of the Experimental Evidence

Nickow, Andre - 2020

Tutoring--defined here as one-on-one or small-group instructional programming by teachers, paraprofessionals, volunteers, or parents--is one of the most versatile and potentially transformative educational tools in use today. Within the past decade, dozens of preK-12 tutoring experiments have...

Persistent link: https://www.econbiz.de/10012481331

Tariff Rate Uncertainty and the Structure of Supply Chains

Heise, Sebastian; Pierce, Justin R.; Schaur, Georg; … - National Bureau of Economic Research - 2024

We show that reducing the probability of a trade war promotes long-term importer-exporter relationships that ensure provision of high-quality inputs via incentive premia. Empirically, we introduce a method for distinguishing between these Japanese versus spot-market (i.e., American)...

Persistent link: https://www.econbiz.de/10014486230

Currency Areas, Labor Markets, and Regional Cyclical Sensitivity

Russ, Katheryn Niles; Shambaugh, Jay C.; Singh, Sanjay R. - National Bureau of Economic Research - 2023

In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single...

Persistent link: https://www.econbiz.de/10014337753

A Theory of Economic Coercion and Fragmentation

Clayton, Christopher; Maggiori, Matteo; Schreger, Jesse - National Bureau of Economic Research - 2024

Hegemonic powers, like the United States and China, exert influence on other countries by threatening the suspension or alteration of financial and trade relationships. Mechanisms that generate gains from integration, such as external economies of scale and specialization, also increase the...

Persistent link: https://www.econbiz.de/10015171710

Putting Economics Back Into Geoeconomics

Clayton, Christopher; Maggiori, Matteo; Schreger, Jesse - National Bureau of Economic Research - 2025

Geoeconomics is the use of a country's economic strength to exert influence on foreign entities to achieve geopolitical or economic goals. We discuss how concepts of power in the political science and economics literature can be used to guide research on geoeconomics. Economic threats as a form...

Persistent link: https://www.econbiz.de/10015398133