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Consumption inequality and family labor supply
Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …
Persistent link: https://www.econbiz.de/10011605701
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Monetary policy according to HANK
Kaplan, Greg; Moll, Benjamin; Violante, Giovanni L. - 2016
We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New … intertemporal substitution drives virtually all of the transmission from interest rates to consumption. …
Persistent link: https://www.econbiz.de/10011605944
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Who bears the costs of inflation? Euro area households and the 2021-2022 shock
Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - 2023
-44 year-old winning; (iii) losses were quite uniform across consumption quantiles because rigid rents served as a hedge for …
Persistent link: https://www.econbiz.de/10014543620
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Firms' export dynamics: experience vs. size
Berthou, Antoine; Vicard, Vincent - 2013
This paper provides evidence about the impact that size and experience in exporting have on firms' dynamics, a critical input in models of firms' dynamics. The analysis uses a census of French exports by firm-destination-product over the period 1994-2008 with a monthly frequency. We first...
Persistent link: https://www.econbiz.de/10011605661
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Global value chains: a view from the euro area
Amador, João; Cappariello, Rita; Stehrer, Robert - 2015
This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages....
Persistent link: https://www.econbiz.de/10011605806
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Networks of value added trade
Amador, João; Cabral, Sónia - 2016
Global Value Chains (GVCs) became the paradigm for the production of most goods and services around the world. Hence, interconnections among countries can no longer be adequately assessed through standard bilateral gross trade flows and new methods of analysis are needed. In this paper, we...
Persistent link: https://www.econbiz.de/10011605976
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Dominant currency pricing in international trade of services
Amador, João; Garcia, Joana; Mehl, Arnaud; Schmitz, Martin - 2024
We analyze, for the first time, how firms choose the currency in which they price transactions in international trade of services and investigate, using direct evidence, whether the US dollar (USD) plays a dominant role in services trade. Drawing on a new granular dataset on extra-European Union...
Persistent link: https://www.econbiz.de/10014543670
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Global trade in final goods and intermediate inputs: Impact of FTAs and reduced "border effects"
Franco-Bedoya, Sebastian; Frohm, Erik - 2020
International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining "border effects" that are arguably related to the ICT revolution...
Persistent link: https://www.econbiz.de/10012422072
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The economic costs of supply chain decoupling
Attinasi, Maria-Grazia; Boeckelmann, Lukas; Meunier, … - 2023
. We explore not only the long-run effects, but also the short-run costs stemming from rigid wages and low substitutability …
Persistent link: https://www.econbiz.de/10014374783
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Global Trade in Final Goods and Intermediate Inputs : Impact of FTAs and Reduced 'Border Effects'
Franco-Bedoya, Sebastian - 2020
International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining “border effects” that are arguably related to the ICT...
Persistent link: https://www.econbiz.de/10012833969