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the structural, non-(log-)linear impact of trade barriers on trade in new trade theory models. Structural new trade theory … empirical model which takes into account both that preferential trade agreement membership is endogenous and that the world …
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We propose an extended time-varying parameter Vector Autoregression that allows for an evolving relationship between the variances of the shocks. Using this model, we show that the relationship between the conditional variance of GDP growth and the long-term interest rate has become weaker over...
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