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Backlash against expert recommendations : reactions to Covid-19 advice in Latin America
Albornoz, Facundo; Bottan, Nicolas L.; Cruces, Guillermo; … - 2022
Persistent link: https://www.econbiz.de/10013286750
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Production Chains
Levine, David K. - 2010
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10013135410
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The causal effects of global supply chain disruptions on macroeconomic outcomes : evidence and theory
Bai, Xiwen; Fernández-Villaverde, Jesús; Li, Yiliang; … - 2024
-movements of output, prices, and spare capacity yield unique identifying restrictions for supply chain disturbances that allow us …
Persistent link: https://www.econbiz.de/10014464250
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Rising protectionism and global value chains : quantifying the general equilibrium effects
Cappariello, Rita; Franco-Bedoya, Sebastian; Gunnella, … - 2020
Persistent link: https://www.econbiz.de/10012210679
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Global supply chains in the pandemic
Bonadio, Barthelemy; Huo, Zhen; Levchenko, Andrei A.; … - 2020
Persistent link: https://www.econbiz.de/10012225507
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The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the Us and Europe
Justiniano, Alejandro - 2012
-Saxon countries (the US and the UK), two Continental European countries (France and Germany) and two Scandinavian countries (Norway … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger … role in most European countries relative to the US …
Persistent link: https://www.econbiz.de/10013114011
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Animal Spirits, Financial Crises and Persistent Unemployment
Farmer, Roger E. A. - 2011
This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of capital may be unbounded above. I argue that this property is an important feature of any rational-agent explanation of a financial crisis, since for the expansion phase of the...
Persistent link: https://www.econbiz.de/10013123693
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Does European Unemployment Prop Up American Wages?
Davis, Donald R. - 2011
We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets...
Persistent link: https://www.econbiz.de/10013125263
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Labor Market, Financial Crises and Inflation : Jobless and Wageless Recoveries
Calvo, Guillermo A. - 2012
This paper uses a sample of 116 recession episodes in developed and emerging market economies to compare the labor-market recovery during financial crises with that of other recession episodes. It documents two new stylized facts. First, labor-market recovery from financial crises is...
Persistent link: https://www.econbiz.de/10013099123
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Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights
Acharya, Viral V. - 2013
Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the solvency condition of financial firms in adverse macroeconomic scenarios. We provide a test of these stress tests by comparing their risk assessments and outcomes to those from...
Persistent link: https://www.econbiz.de/10013083085