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Global Value Chains during the Great Trade Collapse : A Bullwhip Effect?
Altomonte, Carlo - 2012
This paper analyzes the performance of global value chains during the trade collapse. To do so, it exploits a unique transaction-level dataset on French firms containing information on cross-border monthly transactions matched with data on worldwide intra-firm linkages as defined by property...
Persistent link: https://www.econbiz.de/10013113261
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Patterns in Invoicing Currency in Global Trade
Georgiadis, Georgios - 2020
This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since 1990. The evidence from these data...
Persistent link: https://www.econbiz.de/10012825651
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No Country is an Island : International Cooperation and Climate Change
Ferrari, Massimo Minesso; Pagliari, Maria Sole - 2021
In this paper we explore the cross-country implications of climate-related mitigation policies. Specifically, we set up a two-country, two-sector (brown vs green) DSGE model with negative production externalities stemming from carbon-dioxide emissions. We estimate the model using US and euro...
Persistent link: https://www.econbiz.de/10013222709
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Evaluating China's Integration in World Trade with a Gravity Model Based Benchmark
Bussière, Matthieu; Schnatz, Bernd - 2021
rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions … therefore provides an assessment of China's "natural" place in the world economy based on a new set of trade integration … international trade well and confirm that China is already well integrated in world markets, particularly with North America …
Persistent link: https://www.econbiz.de/10013317365
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Distance(s) and the Volatility of International Trade(s)
Mehl, Arnaud - 2019
Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...
Persistent link: https://www.econbiz.de/10012889878
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Modelling Global Trade Flows : Results from a GVAR Model
Bussière, Matthieu - 2015
foreign (German and Chinese) variables. Results indicate in particular that world exports respond much more to a (normalised … developments, such as the sharp contraction in world trade that took place in the wake of the financial crisis. While the fall in …
Persistent link: https://www.econbiz.de/10013039364
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From Carry Trades to Curvy Trades
Dreher, Ferdinand - 2018
Traditional carry trade strategies are based on differences in short-term interest rates, neglecting any other information embedded in yield curves. We derive return distributions of carry trade portfolios among G10 currencies, where the signals to buy and sell currencies are based on summary...
Persistent link: https://www.econbiz.de/10012920109
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Aggregation, the Skill Premium, and the Two-Level Production Function
Leon-Ledesma, Miguel A. - 2011
We examine the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes. We propose a normalized system estimation method to retrieve estimates of the inter- and intra-class elasticities of substitution and factor...
Persistent link: https://www.econbiz.de/10013118952
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Interdependence and Contagion in Global Asset Markets
Beirne, John - 2012
This paper provides an empirical assessment of interdependence and contagion across three asset classes (bonds, stocks, and currencies) for over 60 economies over the period 1998 to 2011. Using a global VAR, we test for changes in the transmission mechanism – both within and cross-market...
Persistent link: https://www.econbiz.de/10013100396
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Determinants of Global Spillovers from US Monetary Policy
Georgiadis, Georgios - 2015
policy generates sizable output spillovers to the rest of the world, which are larger than the domestic effects in the US for …
Persistent link: https://www.econbiz.de/10013014615