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Exchange Rate Regimes in the Modern Era: Fixed, Floating, and Flaky
Rose, Andrew K - C.E.P.R. Discussion Papers - 2010
This paper provides a selective survey of the incidence, causes, and consequences of a country’s choice of its exchange rate regime. I begin with a critical review of Klein and Shambaugh’s (2010) book Exchange Rate Regimes in the Modern Era, and then proceed to provide an alternative...
Persistent link: https://www.econbiz.de/10008611016
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The Welfare Effects of Bundling in Multichannel Television Markets
Crawford, Gregory S; Yurukoglu, Ali - C.E.P.R. Discussion Papers - 2011
We measure how the bundling of television channels affects welfare. We estimate an industry model of viewership, demand, pricing, bundling, and input market bargaining using data on ratings, purchases, prices, bundles, and input costs. We conduct simulations of à la carte policies that require...
Persistent link: https://www.econbiz.de/10009001064
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Media and Politics
Strömberg, David - C.E.P.R. Discussion Papers - 2015
This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
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Protectionism Isn’t Counter-Cyclic (anymore)
Rose, Andrew K - C.E.P.R. Discussion Papers - 2012
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved...
Persistent link: https://www.econbiz.de/10011083599
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Trade and Investment under Policy Uncertainty: Theory and Firm Evidence
Handley, Kyle; Limão, Nuno - C.E.P.R. Discussion Papers - 2012
We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …
Persistent link: https://www.econbiz.de/10011083993
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Energy and Climate Change in China
Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012
This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...
Persistent link: https://www.econbiz.de/10011084331
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Rural-Urban Migration and Unemployment: Theory and Policy Implications
Zenou, Yves - C.E.P.R. Discussion Papers - 2010
-urban migration. In this respect, the employment subsidy policy can backfire by raising rather than reducing urban unemployment. …
Persistent link: https://www.econbiz.de/10008784746
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Euro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis
Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2015
in yields following the OMT announcement, the high current degree of fragmentation poses difficult challenges for policy …-makers, since it leads to an unequal transmission of the ECB’s monetary policy to the various countries. …
Persistent link: https://www.econbiz.de/10011276387
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Economic and Environmental Effectiveness of a Technology-based Protocol
Buchner, Barbara; Carraro, Carlo - C.E.P.R. Discussion Papers - 2004
This Paper provides a first applied game theory analysis of a technology-based climate protocol by assessing: (i) the self-enforcement (namely, the absence of incentives to free ride) of the coalition that would form when countries negotiate on climate-related technological cooperation; (ii) the...
Persistent link: https://www.econbiz.de/10005791506
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Search and Matching in Macroeconomics
Yashiv, Eran - C.E.P.R. Discussion Papers - 2006
macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …
Persistent link: https://www.econbiz.de/10005792066