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Did COVID-19 cost Trump the election?
Lake, James; Nie, Jun - 2021
A common narrative is that COVID-19 cost Trump re-election. We do not find supporting evidence; if anything, the pandemic helped Trump. However, we find substantial evidence that voters abandoned Trump in counties with large increases in health insurance coverage since the Affordable Care Act,...
Persistent link: https://www.econbiz.de/10012421123
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The 2020 US presidential election and Trump's trade war
Lake, James; Nie, Jun - 2022
The trade war initiated by the Trump administration is the largest since the US imposed the Smoot-Hawley tariffs in the 1930s and was still raging when he left office. We analyze how the trade war impacted the 2020 US Presidential election. Our results highlight the political salience of the...
Persistent link: https://www.econbiz.de/10013171058
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Did Trump's trade war impact the 2018 election?
Blanchard, Emily J.; Bown, Chad P.; Chor, Davin - 2020
We find that Republican candidates lost support in the 2018 congressional election in counties more exposed to trade retaliation, but saw no commensurate electoral gains from US tariff protection. The electoral losses were driven by retaliatory tariffs on agricultural products, and were only...
Persistent link: https://www.econbiz.de/10012293757
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The US-China trade war and the relocation of global value chains to Mexico
Utar, Hâle; Zurita, Alfonso Cebreros; Torres Ruiz, … - 2023
Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We … domestic activities in Mexico. However, we also document a negative impact of the retaliatory tariffs of China, primarily … affecting export services and a counterbalancing negative effect of the US tariffs via GVC firms' inputs from China …
Persistent link: https://www.econbiz.de/10014340112
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Trade retaliation in a monetary-trade model
Whalley, John; Yu, Jun; Zhang, Shunming - 2009
. We calibrate such a model to China’s trade with the rest of the world and explore two country tariff games using 2005 …
Persistent link: https://www.econbiz.de/10003806727
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Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe
Leith, Campbell B.; Malley, James R. - 2002
A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...
Persistent link: https://www.econbiz.de/10011409738
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The sword and the shield : the economics of targeted sanctions
Ahn, Daniel P.; Ludema, Rodney D. - 2019
How effective are "smart" sanctions in imposing costs on an adversary? We consider this question in a model where a targeted regime may choose to "shield" strategically important firms from harm. Using detailed firm and individual data, we estimate the impact on firm performance from smart...
Persistent link: https://www.econbiz.de/10012001872
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Exponent of cross-sectional dependence : estimation and inference
Bailey, Natalia; Kapetanios, George; Pesaran, M. Hashem - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10009488893
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Stock market returns, corporate governance and capital market equilibrium
Parigi, Bruno; Pelizzon, Loriana; Thadden, Ernst-Ludwig von - 2013
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
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Platform design and innovation incentives : evidence from the product ratings system on Apple's App Store
Leyden, Benjamin T. - 2021
A lack of platform-level competition among digital marketplaces can result in socially inefficient platform design and meaningful welfare losses, even independent of actively anticompetitive behavior. To illustrate the first-order effects platform design can have on competitive outcomes, I...
Persistent link: https://www.econbiz.de/10012534177