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Trade Barrier Volatility and Domestic Price Stabilization : Evidence from Agriculture
Anderson, Kym - 2017
-- the opposite of what is usually thought of when considering inter-sector trade retaliation. Phasing down World Trade … to raise their import restrictions when international prices slump. To date there is no parallel discipline in the World … through new World Trade Organization rules could help alleviate the extent to which government responses to exogenous price …
Persistent link: https://www.econbiz.de/10012976237
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The Impact of Extreme Weather Events on Budget Balances and Implications for Fiscal Policy
Lis, Eliza M. - 2009
This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...
Persistent link: https://www.econbiz.de/10013159926
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Trade Effects of the New Silk Road : A Gravity Analysis
Baniya, Suprabha - 2019
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012895212
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Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach
Jacquinot, Pascal - 2018
rest of the EA - REA), the US, and the rest of the world, region-specific labour markets with search and matching frictions …
Persistent link: https://www.econbiz.de/10012928551
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Global Models for a Global Pandemic : The Impact of COVID-19 on Small Euro Area Economies
Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021
This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
Persistent link: https://www.econbiz.de/10013323904
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How Do Governments Respond to Food Price Spikes? Lessons from the Past
Anderson, Kym - 2017
trade between nations can play in bringing stability to the world?s food markets. More effort appears to be needed before a …
Persistent link: https://www.econbiz.de/10012976397
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Policy and Performance in Customs : Evaluating the Trade Facilitation Agreement
Hillberry, Russell H. - 2018
The 2013 World Trade Organization ministerial in Bali produced a comprehensive framework agreement on trade … best practice in all policies by all World Trade Organization members would reduce the predicted time spent in customs by … points on exports. The same estimates are used to calculate welfare gains of policy reform by World Trade Organization …
Persistent link: https://www.econbiz.de/10012937418
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Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment
Gomes, Sandra - 2011
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10013127922
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Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area
Peersman, Gert - 2011
I find that the Euro-system can stimulate the economy beyond the policy rate by increasing the size of its balance sheet or the monetary base. The transmission mechanism turns out to be different compared to traditional interest rate innovations: (i) whilst the effects on economic activity and...
Persistent link: https://www.econbiz.de/10013119125
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Setting Countercyclical Capital Buffers Based on Early Warning Models : Would it Work?
Behn, Markus - 2013
This paper assesses the usefulness of private credit variables and other macrofinancial and banking sector indicators for the setting of Basel III/CRD IV countercyclical capital buffers (CCBs) in a multivariate early warning model framework, using data for 23 EU Members States from 1982 Q2 to...
Persistent link: https://www.econbiz.de/10013074386