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The Network Origins of the Gains from Trade

Bosker, Erik Maarten - 2019

In this paper, we develop a network perspective on the welfare gains from trade in today’s internationally fragmented supply chains. Towards this end, we study a Ricardian trade model featuring trade in final and intermediate products, and introduce a novel comparative statics approach to...

Persistent link: https://www.econbiz.de/10012890197

A Simple Model of Buyer-Seller Networks in International Trade

Herkenhoff, Philipp; Krautheim, Sebastian; Sauré, Philip U. - 2021

The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network. We propose a simplistic re-interpretation of the classical Krugman (1980) model that accounts for surprisingly many of the empirical regularities. This re-interpretation relies...

Persistent link: https://www.econbiz.de/10013224077

Trade Openness and Growth : A Network-Based Approach

Duernecker, Georg; Meyer, Moritz; Vega-Redondo, Fernando - 2021

measure does not use indicators of aggregate trade intensity, trade policy, or trade restrictiveness but relies on a broad …

Persistent link: https://www.econbiz.de/10013211116

Financial Constraints and Propagation of Shocks in Production Networks

Pakel, Banu Demir; Javorcik, Beata Smarzynska; … - 2021

empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission …

Persistent link: https://www.econbiz.de/10013315210

Structural Change in Production Networks and Economic Growth

Gaggl, Paul; Gorry, Aspen; vom Lehn, Christian - 2023

This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...

Persistent link: https://www.econbiz.de/10014348090

Product Differentiation and Oligopoly : A Network Approach

Pellegrino, Bruno - 2023

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product …

Persistent link: https://www.econbiz.de/10014262031

The Fiscal Theory of the Price Level with a Bubble

Brunnermeier, Markus K. - 2020

This paper incorporates a bubble term in the standard FTPL equation to explain why countries with persistently negative primary surpluses can have a positively valued currency and low inflation. It also provides an example with closed-form solutions in which idiosyncratic risk on capital returns...

Persistent link: https://www.econbiz.de/10012834354

Inequality Convergence and Distribution Neutral Fiscal Policy

Marjit, Sugata - 2020

We provide an interesting empirical evidence dealing with the cross country data on equality i.e. movements of Gini coefficient over last four decades. This seems to suggest a robust empirical evidence that the growth or change in inequality across nations has a negative relation with initial...

Persistent link: https://www.econbiz.de/10012840691

Fiscal Consolidation and Automatic Stabilization : New Results

Dolls, Mathias - 2020

measure of the combined effect of automatic stabilizers and discretionary policy changes based on micro data and counter …-factual simulation. Discretionary fiscal policy supported the effects of automatic stabilizers in the years 2008 and 2009 but then became …

Persistent link: https://www.econbiz.de/10012843440

To React or Not? Fiscal Policy, Volatility and Welfare in the EU-3

Malley, Jim - 2008

implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is … the particular market failure justifying policy intervention. We subject the model to productivity shocks and use either … policy is purely to stabilize output or debt volatility, then our results suggest substantial reductions can be obtained …

Persistent link: https://www.econbiz.de/10012773638

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