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An Equilibrium Model of the African HIV/AIDS Epidemic

Greenwood, Jeremy - 2018

Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...

Persistent link: https://www.econbiz.de/10012908690

Credit Market Imperfection, Lack of Entrepreneurs and Capital Outflow from a Developing Economy

Marjit, Sugata - 2020

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained economy and the resultant impact on the capital flows. In standard trade models the capital flows across countries are explained as a result of the rate of return differentials due...

Persistent link: https://www.econbiz.de/10012824582

The Global Effects of COVID-19-Induced Uncertainty

Caggiano, Giovanni - 2020

We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world industrial production to simulate the effects of the jump in financial uncertainty observed in correspondence of the Covid-19 outbreak. We predict the cumulative loss in world...

Persistent link: https://www.econbiz.de/10012834352

The Better Route to Global Tax Coordination : Gradualism or Multilateralism?

Konrad, Kai A. - 2019

In the context of international tax coordination incomplete information is one of the well-known frictions that can lead to bargaining failure and might explain a lack of observed coordination. We consider international negotiations about tax coordination under complete and incomplete...

Persistent link: https://www.econbiz.de/10012892184

Globalization, Time-Preferences, and Populist Voting

Aronsson, Thomas - 2020

Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics … model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs … and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to …

Persistent link: https://www.econbiz.de/10012826005

Backward Versus Forward Integration of Firms in Global Value Chains

Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021

Production processes are increasingly organized in international value-chain networks. The involved firms can be operating at arm’s length or be vertically integrated. Both the incidence and the direction of integration (backward or forward in the value chain) depend on specific...

Persistent link: https://www.econbiz.de/10013224089

Firm Heterogeneity and the Labour Market Effects of Trade Liberalisation

Egger, Hartmut; Kreickemeier, Udo - 2021

This paper develops a model that incorporates workers' fair wage preferences into a general equilibrium framework with monopolistic competition between heterogeneous firms à la Melitz (2003). By assuming that the wage considered to be fair by workers depends on the productivity and thus the...

Persistent link: https://www.econbiz.de/10013317452

Globalisation and the Slope of the Phillips Curve

Kohlscheen, Emanuel; Moessner, Richhild - 2021

We study the effects of globalisation on the slope of the New Keynesian Phillips curve for CPI inflation, based on a broad panel of 35 countries and controlling for possibly non-linear exchange rate effects. We find that the output gap generally has a significant positive effect on inflation,...

Persistent link: https://www.econbiz.de/10013322779

Poverty and Individual Responsibility

Piacquadio, Paolo G. - 2020

Poverty-reducing policies ought to prioritize the "deserving" poor, that is, those who do all that can be reasonably expected from them in their circumstances, but fail to achieve a minimum standard of living. To inform such policies, one needs a theory of justice accommodating norms of...

Persistent link: https://www.econbiz.de/10012838242

Scarcity and Consumption Priorities

Dahan, Momi; Sayag, Doron - 2023

This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by the share of spending on necessity goods relative to luxury goods in a large national supermarket chain in Israel for the years 2011–2018. Based on detailed weekly revenue...

Persistent link: https://www.econbiz.de/10014358647