Showing 1 - 10 of 264
We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade … factors (a sector-specific measure of trade openness, along with common technology and oil price shocks), specific measures of … manufacturing-wide variables are included for each sector. Generalised impulse responses indicate that increased trade openness …
Persistent link: https://www.econbiz.de/10011604777
We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model is augmented with an endogenous effective lower bound...
Persistent link: https://www.econbiz.de/10012422096
We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model is augmented with an endogenous effective lower bound...
Persistent link: https://www.econbiz.de/10012829369
the single market intensified bilateral trade across euro area countries and contributed to higher business cycle symmetry …. The introduction of the single currency led to an intensification of intra-industry trade which has become the main …
Persistent link: https://www.econbiz.de/10011604633
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 … indicators. These indicators are used as a benchmark in order to examine whether China’s share in international trade is …
Persistent link: https://www.econbiz.de/10011604739
From a conceptual point of view there is little consensus of what should be the “ideal indicator” of international cost and price competitiveness as each of the standard measures typically employed has its own merits and drawbacks. This calls for addressing the question from an empirical...
Persistent link: https://www.econbiz.de/10011604879
countries. We test how trade costs dampen the effect of real exchange rate movements on bilateral exports, and show that the … results are highly consistent with the existence of an hysteresis effect of real exchange rate movements on trade, as …
Persistent link: https://www.econbiz.de/10011604966
This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro’s influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …
Persistent link: https://www.econbiz.de/10011604987
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10011605162
-regulatory convergence has also contributed to the spur of cross-border financial transactions. Trade in goods, while highly correlated with …
Persistent link: https://www.econbiz.de/10011605262