Similar Search Results

Gravity chains: estimating bilateral trade flows when parts and components trade is important

Baldwin, Richard; Taglioni, Daria - 2011

added flows. This fact has important implications for the estimation of the gravity equation. We present empirical evidence … that the standard gravity equation performs poorly by some measures when it is applied to bilateral flows where parts and … components trade is important. We also provide a simple theoretical foundation for a modified gravity equation that is suited to …

Persistent link: https://www.econbiz.de/10011605446

Distance(s) and the volatility of international trade(s)

Mehl, Arnaud; Schmitz, Martin; Tille, Cédric - 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/10012142096

Has US household deleveraging ended? a model-based estimate of equilibrium debt

Albuquerque, Bruno; Baumann, Ursel; Krustev, Georgi - 2014

The balance sheet adjustment in the household sector was a prominent feature of the Great Recession that is widely believed to have held back the cyclical recovery of the US economy. A key question for the US outlook is therefore whether household deleveraging has ended or whether further...

Persistent link: https://www.econbiz.de/10011605688

Debt overhang and deleveraging in the US household sector: gauging the impact on consumption

Albuquerque, Bruno; Krustev, Georgi - 2015

Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consumption since 2007 in the aftermath of the housing bubble. By separating the concepts of deleveraging and debt overhang - a flow...

Persistent link: https://www.econbiz.de/10011605888

Has US Household Deleveraging Ended? A Model-Based Estimate of Equilibrium Debt

Albuquerque, Bruno - 2014

Persistent link: https://www.econbiz.de/10013058652

Debt Overhang and Deleveraging in the US Household Sector : Gauging the Impact on Consumption

Albuquerque, Bruno - 2015

Persistent link: https://www.econbiz.de/10013016939

Sparse and stable Markowitz portfolios

Brodie, Joshua; Daubechies, Ingrid; De Mol, Christine; … - 2008

We consider the problem of portfolio selection within the classical Markowitz meanvariance optimizing framework, which has served as the basis for modern portfolio theory for more than 50 years. Efforts to translate this theoretical foundation into a viable portfolio construction algorithm have...

Persistent link: https://www.econbiz.de/10011604982

Extra-euro area manufacturing import prices and exchange rate pass-through

Anderton, Robert - 2003

This paper uses a model of import prices whereby exporters to the euro area set export prices partly as a mark-up on their production costs (i.e., the degree of exchange rate pass-through) and partly in line with euro area producer prices (i.e., pricing-to-market). Using both time series and...

Persistent link: https://www.econbiz.de/10011604265

World trade and global integration in production processes: a re-assessment of import demand equations

Barrell, Ray; Dées, Stéphane - 2005

It is common to observe that demand elasticities in trade equations for imports are implausibly large, and that they differ between countries. Both of these present us with problems, as they imply trade will rise without bound as a proportion of GDP. The research reported here looks for...

Persistent link: https://www.econbiz.de/10011604549

An investigation on the effect of real exchange rate movements on OECD bilateral exports

Berthou, Antoine - 2008

. We derive and estimate a gravity equation for 20 OECD exporting countries and 52 developed and developing importing …

Persistent link: https://www.econbiz.de/10011604966

1
2
3
4
5
6
7
8
9
10
Next
Last