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Terms of trade, catch-up, and home market effect: the example of Japan
Urban, Dieter M. - 2007
interdependencies between the terms of trade and economic growth are offered: the home market effect and the productivity shock effect …
Persistent link: https://www.econbiz.de/10010264264
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Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Égert, Balázs - 2021
root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …
Persistent link: https://www.econbiz.de/10013316808
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Effects of unilateral climate policy on terms of trade, capital accumulation, and welfare in a world economy
Farmer, Karl; Friedl, Birgit; Rainer, Andreas - 2008
We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...
Persistent link: https://www.econbiz.de/10010264419
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Construction of composite business cycle indicators in a sparse data environment
Abberger, Klaus; Nierhaus, Wolfgang - 2011
Business cycle indicators are important instruments for monitoring economic development. When employing indicators one usually relies on a sound statistical database. This paper deals with indicator development in a sparse data situation. Indicator building is merged with temporal...
Persistent link: https://www.econbiz.de/10010277370
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Globalization, cross-border pollution and welfare
Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. - 2005
We construct a two-good general equilibrium model of international trade for two small open economies where pollution from production is transmitted across borders. Governments in both countries impose emission taxes non-cooperatively. Within this framework, we examine the effect of trade...
Persistent link: https://www.econbiz.de/10010261283
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A Note on Temporary Supply Shocks with Aggregate Demand Inertia
Caballero, Ricardo J.; Simsek, Alp - 2022
aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …
Persistent link: https://www.econbiz.de/10013282457
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The impact of market regulations on intra-European real exchange rates
Bénassy-Quéré, Agnès; Coulibaly, Dramane - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10010291493
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Reconsidering the price-income relationship across countries
Fujii, Eiji - 2013
This study reconsiders the well-known cross-country positive association between prices and income by focusing on heterogeneity between the inter-developed-country and inter-developing-country relationships. Empirical results reveal not only that developed and developing countries differ in...
Persistent link: https://www.econbiz.de/10010291651
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Transfers, non-traded goods, and unemployment : an analysis of the Keynes-Ohlin debate
Brakman, Steven; van Marrewijk, Charles - 2005
In the famous debate between Keynes and Ohlin on the transfer problem, the interaction between non-traded goods and unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes's concern regarding the large burden imposed on...
Persistent link: https://www.econbiz.de/10010275773
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Special and Differential Treatment for Developing Countries
Ornelas, Emanuel - 2016
Special and Differential Treatment for Developing Countries (SDT) constitutes a central feature of the GATT/WTO system. Its formal goal is to foster export-led growth in developing countries. Its theoretical foundations and empirical support are, however, weak at best. In particular, SDT...
Persistent link: https://www.econbiz.de/10011451456