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In light of increased vertical specialization and the dominance of trade in intermediates rather than final goods, this paper seeks to raise awareness of the limitations of traditional trade measures on a gross output basis. To do so, this paper uses the WIOD, a world input output table, as an...
Persistent link: https://www.econbiz.de/10011715532
This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to tariffs at different stages of the production chain for...
Persistent link: https://www.econbiz.de/10013170052
Persistent link: https://www.econbiz.de/10009419723
for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are …
Persistent link: https://www.econbiz.de/10014403824
the inputs that are required to calculate such spreads. This note provides some evidence from Argentina and Brazil that …
Persistent link: https://www.econbiz.de/10014403968
of fiscal policy on the other. Applications to Argentina, Brazil, Mexico, South Africa, and Turkey are used to illustrate …
Persistent link: https://www.econbiz.de/10014399864
This paper estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and …
Persistent link: https://www.econbiz.de/10014397156
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10014398382
, but find that the effect is small after controlling for the risks of dilution and default. Brazil provides a natural case … explain the high interest rate levels in the aftermath of Brazil''s 1994 inflation stabilization. However, since the adoption … in 1999 of inflation targeting and floating exchange rates, Brazil''s real interest rates are gradually converging to the …
Persistent link: https://www.econbiz.de/10014401062
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...
Persistent link: https://www.econbiz.de/10013170273