Showing 1 - 10 of 1,554
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …
Persistent link: https://www.econbiz.de/10013361989
This paper analyzes frameworks for the design of the rules for international trading, assuming that it is possible to have some rule of law. In the Arrow-Debreu benchmark, where there is no economic power and political power is seemingly irrelevant, there is no need for trade agreements - free...
Persistent link: https://www.econbiz.de/10014576561
We study how a demand shock in an export market propagates to the exporting country's banking system. Using the dual shocks of sanctions and falling oil prices suffered by Russia in 2014, we investigate the effects on Italian firms and banks more exposed to the Russian market. This event implied...
Persistent link: https://www.econbiz.de/10014250188
We identify "first generation" statistics to measure offshoring as the share of imported intermediate inputs in costs … demand and relative wages due to offshoring. A limitation of these statistics is that they cannot be used to measure the … impact on real wages, and for that purpose, we need price-based measures of offshoring. More recently, "second generation …
Persistent link: https://www.econbiz.de/10012455613
effects of globalization, with offshoring to low wage countries and imports both associated with wage declines for US workers … offshoring to China has also contributed to wage declines among US workers. However, the role of trade is quantitatively much …We suggest that the impact of globalization on wages has been missed because its effects must be captured by analyzing …
Persistent link: https://www.econbiz.de/10012457641
We provide sufficient statistics for nominal and real wage exposure to productivity shocks in a constant elasticity economic geography model. These exposure measures summarize the first-order general equilibrium elasticity of nominal and real wages in each location with respect to productivity...
Persistent link: https://www.econbiz.de/10014322852
have argued that trade makes war less likely, yet World War I erupted at a time of unprecedented globalization. This paper …
Persistent link: https://www.econbiz.de/10012458341
We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...
Persistent link: https://www.econbiz.de/10013334457
analyzing counterfactual policies that affect both goods and capital market integration (e.g., U.S.-China decoupling). We show …
Persistent link: https://www.econbiz.de/10014447272
We examine the impact on U.S. labor markets of offshore outsourcing in services to China and India. We also consider … outsourcing grew at rates experienced during 1996-2005 in business, professional and technical services i.e., in segments where … China and India have been particularly strong. Then workers in occupations that are exposed to inshoring and offshore …
Persistent link: https://www.econbiz.de/10012464585