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simulations for 31 countries suggest that use of this safeguard in line with the proposed World Trade Organization rules would … raise the world poverty headcount by an average of 24 million. The adverse poverty impact of the duty is larger when the …
Persistent link: https://www.econbiz.de/10012972866
liberalization could move the world some way toward those desirable outcomes, but more so the more developing countries themselves …
Persistent link: https://www.econbiz.de/10012748077
This survey concludes that including agriculture in the Doha Agenda negotiations was important both economically and politically, although the political resistance to reform is particularly strong in this sector. While agriculture accounts for less than 10 percent of merchandise trade, high and...
Persistent link: https://www.econbiz.de/10012974834
as a result affect world prices for the specific products concerned. Market failures and market structures (market power …
Persistent link: https://www.econbiz.de/10012975528
The Special Safeguard Mechanism was a key issue in the July 2008 failure to reach agreement in the World Trade … uses a stochastic simulation model of the world wheat market to investigate the effects of policy makers implementing … percent in some regions, with world wheat trade falling by 4.7 percent. The price measures discriminate against low price …
Persistent link: https://www.econbiz.de/10012976503
This paper uses detailed data on bound and applied tariffs to assess the consequences of the World Trade Organization …
Persistent link: https://www.econbiz.de/10012975975
Many trade negotiations involve large cuts in high tariffs, with flexibilities allowing much smaller cuts for an agreed number of politically-sensitive products. The effects of these flexibilities on market access opportunities are difficult to predict, creating particular problems for...
Persistent link: https://www.econbiz.de/10012976696
We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro area countries (i.e. Germany, France, Italy, and Spain),...
Persistent link: https://www.econbiz.de/10012889411
This paper presents a novel approach to investigate and model the network of euro area banks' large exposures within the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic risk of the euro area banking system based on bilateral...
Persistent link: https://www.econbiz.de/10012894738
Should monetary policy lean against financial stability risks? This has been a subject of fierce debate over the last decades. We contribute to the debate about “leaning against the wind” (LAW) along three lines. First, we evaluate the cost and benefits of LAW using the Svensson (2017)...
Persistent link: https://www.econbiz.de/10012894739