This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … employment prospects in response to trade shocks. Finally, we find that firms experiencing greater import competition start with … conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global …

type. Constrained inefficient equilibria feature non-positive, id est, one less than or equal the economy's growth rate …

To identify and quantify downside risks to housing markets, we apply the house price-at-risk methodology to a sample of … risks to housing markets in the United States have seemingly fallen over the past decade, while having increased in Canada … risks. In addition, capital flows are found to be significantly associated with future downside risks to major housing …

of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the …

Housing market imbalances are a key source of systemic risk and can adversely affect housing affordability. This paper … utilizes a stylized model of the Canadian economy that includes policymakers with differing objectives-macroeconomic stability …, financial stability, and housing affordability. Not surprisingly, when faced with multiple objectives, deploying more policy …

market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic …