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Contents -- I. INTRODUCTION -- II. HOW GLOBALIZED IS LABOR? -- III. HOW HAS THE GLOBALIZATION OF LABOR AFFECTED WORKERS … IN ADVANCED ECONOMIES -- IV. LABOR SHARE AND THE GLOBALIZATION OF LABOR: AN EMPIRICAL EXAMINATION -- V. THE STORY BEHIND … THE DECLINE OF THE LABOR SHARE -- VI. LABOR COMPENSATION PER WORKER, EMPLOYMENT, AND LABOR GLOBALIZATION: WHAT CAN WE SAY …
Persistent link: https://www.econbiz.de/10012682150
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10012677518
This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...
Persistent link: https://www.econbiz.de/10012677874
This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...
Persistent link: https://www.econbiz.de/10012677769
sustained inflationary effects from commodity price shocks. Countries with more independent central banks and higher governance …
Persistent link: https://www.econbiz.de/10012677548
within the World Bank's MAMS model, which is a multisectoral real computable general equilibrium model that incorporates the …
Persistent link: https://www.econbiz.de/10012677888
This paper uses VAR models to examine the magnitude and sources of growth spillovers to the Baltics from key trading partners, as well asfrom the real effective exchange rate (REER). Our results show there are significant cross-country spillovers to the Baltics with those from the EU outweighing...
Persistent link: https://www.econbiz.de/10012677789