Showing 1 - 10 of 3,464
Persistent link: https://www.econbiz.de/10012468277
This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These …. We use a numerical 13-country global general equilibrium model with trade costs to investigate both tariff and non …-tariff effects, and include inside money to endogenously determine imports on the trade imbalance. Trade costs are calculated using a …
Persistent link: https://www.econbiz.de/10012458242
We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of … Britain's exit from the European Union (Brexit). Our analysis reveals that an increase in the probability of Brexit increases …
Persistent link: https://www.econbiz.de/10014337833
We quantify the importance of non-monetary news in central bank communication. Using evidence from four major central banks and a comprehensive classification of events, we decompose news conveyed by central banks into news about monetary policy, economic growth, and separately, shocks to risk...
Persistent link: https://www.econbiz.de/10012480685
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
This paper quantifies the macroeconomic effects of capital income tax competition in the European Union using a two-country neoclassical dynamic general equilibrium model. This model incorporates three key externalities of tax competition: the relative price externality, the wealth distribution...
Persistent link: https://www.econbiz.de/10012468643
Kingdom from the European Union (popularly known as Brexit). Our predictions are based on simulations of a multicountry … intangible capital that is used nonrivalrously by their subsidiaries at home and abroad. We analyze several post-Brexit scenarios …
Persistent link: https://www.econbiz.de/10012455464
The European Central Bank is unique in setting monetary policy for several sovereign states with heterogeneous debt levels and different maturity structures. The monetary-fiscal nexus is central to the functioning of the euro area. We focus on one particular aspect of that nexus, the effect the...
Persistent link: https://www.econbiz.de/10013537713
What are the sovereign rights of nations in an interdependent world, and to what extent do these rights stand in the way of achieving important international objectives? These two questions rest at the heart of contemporary debate over the role and design of international institutions as well as...
Persistent link: https://www.econbiz.de/10012468444
This paper specifies a general set of conditions under which the impacts of a policy can be identified using data generated under a different policy regime. We show that some of the policy impacts can be identified under relatively weak conditions on the data and structure of a model. Based on...
Persistent link: https://www.econbiz.de/10012471035