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Exporting Ideology : The Right and Left of Foreign Influence
Antràs, Pol; Padró i Miquel, Gerard - National Bureau of Economic Research - 2023
We present an economic rationale for countries resorting to foreign influence to export their ideology to other nations. Our model incorporates two fundamental elements: redistribution of the tax burden between capital owners and workers, and international capital mobility. The model highlights...
Persistent link: https://www.econbiz.de/10014322786
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International Policy Coordination : The Long View
Eichengreen, Barry - 2011
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10012460992
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Macroeconomic Policy Design in an Interdependent World Economy : An Analysis of Three Contingencies
Buiter, Willem H. - 1985
The paper uses a small analytical two-region (the United States and the Rest of the Industrial World) model, to analyze … in connection with the September1985 World Economic Outlook published by the IMF.They are: (1) What should bethe monetary … and/or fiscal response in the Rest of the Industrial World to a tightening of U.S. fiscal Policy and what should be the U …
Persistent link: https://www.econbiz.de/10012477333
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Large Hoarding of International Reserves and the Emerging Global Economic Architecture
Aizenman, Joshua - 2007
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the "peso problem." Hoarding …
Persistent link: https://www.econbiz.de/10012465374
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The Revived Bretton Woods System's First Decade
Dooley, Michael P. - 2014
evolve as we expected. China is likely to graduate from the periphery to the center in the next few years. This graduation … cycle. Finally, recent policy initiatives suggest that India is poised to replace China as the dominant periphery country …
Persistent link: https://www.econbiz.de/10012458214
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The Dollar in an Era of International Retrenchment
Chahrour, Ryan; Valchev, Rosen - National Bureau of Economic Research - 2023
Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each …-for-tat responses between just the US and China would likely leave the dollar's role essentially unchanged. If both countries coordinate …
Persistent link: https://www.econbiz.de/10014322792
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Fiscal Devaluations
Farhi, Emmanuel - 2011
We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New Keynesian open economy environment. We perform the analysis under...
Persistent link: https://www.econbiz.de/10012460995
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Is the American Soft Power a Casualty of the Trade War?
Fan, Haichao; Hu, Yichuan; Tang, Lixin; Wei, Shang-Jin - National Bureau of Economic Research - 2022
The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on …
Persistent link: https://www.econbiz.de/10013191093
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Long-Term Barriers to the International Diffusion of Innovations
Spolaore, Enrico - 2011
explain international technology diffusion is genetic distance relative to the world technological frontier ("relative …
Persistent link: https://www.econbiz.de/10012461386