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At the turn of the millennium three frequently cited potential causes of new challenges for wage p olicy in Germany are revisited in this study: skilled-biased technological progress, the increasing international integration of labor and product markets, and the monetary integration of the EMU....
Persistent link: https://www.econbiz.de/10009781695
sectoral World Input Output Database (WIOD) to predict the impact of Brexit for every individual EU country by aggregating up …
Persistent link: https://www.econbiz.de/10011962330
; incomplete contracts ; evolutionary game theory ; culture ; trade integration ; factor mobility ; globalization …
Persistent link: https://www.econbiz.de/10003882529
of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade …
Persistent link: https://www.econbiz.de/10010212368
Persistent link: https://www.econbiz.de/10003496505
intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply …
Persistent link: https://www.econbiz.de/10010347036
globalization. We study two waves of representative population surveys conducted in Austria, one right before the Russian invasion … globalization and import dependency as a short-term reaction to economic turbulences and geopolitical upheaval at the onset of war … in Europe. We show that two months after the invasion, anti-globalization sentiment in general has not spread, but that …
Persistent link: https://www.econbiz.de/10013362395
Our friend and colleague Rüdiger Dornbusch passed away before he was able tocomplete his book based on the Munich Lectures in Economics that he gave inNovember 17, 1998, at the Center for Economic Studies of Ludwig-Maximilians-Universität.The lectures contain a fascinating overview of the...
Persistent link: https://www.econbiz.de/10011507825
We add to the literature on the influence of the global financial cycle (GFC) and gyrations in capital flows. First, we build a new measure of the GFC based on a structural factor approach, which incorporates theoretical priors in its definition. This measure can also be decomposed in a...
Persistent link: https://www.econbiz.de/10012129742
We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...
Persistent link: https://www.econbiz.de/10011554376