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Understanding the Gains from Wage Flexibility : The Exchange Rate Connection
Galí, Jordi - 2016
We study the gains from increased wage flexibility using a small open economy model with staggered price and wage setting. Two results stand out: (i) the effectiveness of labor cost reductions as a means to stimulate employment is much smaller in a currency union, (ii) an increase in wage...
Persistent link: https://www.econbiz.de/10012456188
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Contingent Protection as Better Insurance
Fischer, Ronald D. - 1999
We formalize the notion that GATT exceptions such as antidumping and escape clause actions can act as insurance for import competing sectors affected by adverse price shocks. We use a general equilibrium model with several import competing sectors and assume incomplete markets so that agents...
Persistent link: https://www.econbiz.de/10012471874
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...
Persistent link: https://www.econbiz.de/10012471183
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Labor adjustment and productivity in the OECD
Dossche, Maarten; Gazzani, Andrea Giovanni; Lewis, Vivien - 2021
Persistent link: https://www.econbiz.de/10012518890
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Pros and Cons of Globalization : Income-Based Attitudes
Razin, Asaf - National Bureau of Economic Research - 2022
Which income group is pro-globalization or anti-globalization--the wealthy skilled-labor or the poor low-skilled labor …? How globalization affect income-based attitudes towards globalization? The paper addresses these issues in the framework …
Persistent link: https://www.econbiz.de/10013477205
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Pros and cons of globalization : income-based attitudes
Razin, Asaf - 2022
Persistent link: https://www.econbiz.de/10013457711
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Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization
O'Rourke, Kevin - 2003
The aim of the paper is to see whether individuals' attitudes towards globalization are consistent with the predictions …-skilled is associated with more pro-globalization attitudes in rich countries; while in some of the very poorest countries in the … sample being high-skilled has a negative (if statistically insignificant) impact on pro-globalization sentiment. More …
Persistent link: https://www.econbiz.de/10012468825
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Global Supply Chains, Currency Undervaluation, and Firm Protectionist Demands
Jensen, J. Bradford - 2013
We examine firm participation in global supply chains to help explain a puzzling decline in protectionist demands in the U.S. despite increased import competition and ongoing currency undervaluation. To explain firm responses to undervaluation, we rely on advances in the international trade...
Persistent link: https://www.econbiz.de/10012459423
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A Theory of Trade Policy Transitions
Bowen, T. Renee; Broz, J. Lawrence; Rosendorff, B. Peter - National Bureau of Economic Research - 2023
Trade policy is set by domestic political bargaining between globalists and protectionists, representing owners of factors specific to export and import-competing sectors respectively. Consistent with the post-Civil War Era of Restriction, protectionists implement high tariffs when status quo...
Persistent link: https://www.econbiz.de/10014372419
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Global value chains and the removal of trade protection
Bown, Chad P.; Erbahar, Aksel; Zanardi, Maurizio - 2020
Persistent link: https://www.econbiz.de/10012212667