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In this paper we survey the recent empirical literature on the effects of offshoring on wage, employment and … displacement. We start with an overview of the measurement of offshoring, organizing our discussion around the three key elements … of offshoring: that it involves intermediate inputs for production (vs. final goods for consumption); that it involves …
Persistent link: https://www.econbiz.de/10012997459
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...
Persistent link: https://www.econbiz.de/10013016221
Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New-Keynesian closed economy...
Persistent link: https://www.econbiz.de/10013318057
the countries' authorities, openness, and transparency, consistently with the theory …
Persistent link: https://www.econbiz.de/10012750944
Traders in global markets operate at different local times-of-day. Suboptimal times-of-day may produce sleepiness due to daily variations in sleep/wake patterns and possibly also increased accumulation of hours awake. Global asset markets imply significantly increased heterogeneity in circadian...
Persistent link: https://www.econbiz.de/10012947730
they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows …
Persistent link: https://www.econbiz.de/10012930946
The offshoring of production by multinational firms has expanded dramatically in recent decades, increasing these firms … probability. We also show that a firm's probability of offshoring increases with the share of its employees who are immigrants …
Persistent link: https://www.econbiz.de/10012908881
Incorporating family decisions in a two-period-model of the world economy, we show that trade liberalization may reduce …
Persistent link: https://www.econbiz.de/10013026856
This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...
Persistent link: https://www.econbiz.de/10013136951
Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs through outsourcing. The objective is to raise domestic employment. Given that many of the important international markets where the US has a comparative advantage feature...
Persistent link: https://www.econbiz.de/10013131419