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Quality of Life in a Dynamic Spatial Model
Ahlfeldt, Gabriel M.; Bald, Fabian; Roth, Duncan; … - 2021
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10013314774
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Energy Efficiency in General Equilibrium with Input-Output Linkages
Blackburn, Christopher J. - 2020
Industrial activity periodically experiences breakthrough innovations in energy efficiency, but the estimated impacts of these innovations on aggregate energy use are highly varied. We develop a general equilibrium model to investigate whether this variation is determined by the structure of the...
Persistent link: https://www.econbiz.de/10012844213
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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
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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
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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
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Backward Versus Forward Integration of Firms in Global Value Chains
Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021
model of vertical integration in a supplier-producer relationship that is rooted in the property-rights theory to learn …
Persistent link: https://www.econbiz.de/10013224089
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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
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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
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Spatial Inequality, Geography and Economic Activity
Achten, Sandra - 2019
We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...
Persistent link: https://www.econbiz.de/10012890626
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How Do Trade and Communication Costs Shape the Spatial Organization of Firms?
Gokan, Toshitaka - 2019
We consider an economic geography setting in which firms are free to choose one of the following organizational types: (i) integrated firms, which perform all their activities at the same location, (ii) horizontal firms, which operate several plants producing the same good at different...
Persistent link: https://www.econbiz.de/10012860578