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The effect of inflation on real commodity prices
Reicher, Christopher Phillip; Utlaut, Johannes Friederich - 2011
contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …
Persistent link: https://www.econbiz.de/10010274442
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Inflation and the Skewness of the Distribution of Relative Price Changes: Empirical Evidence for Germany
Döpke, Jörg; Pierdzioch, Christian - 2001
aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …
Persistent link: https://www.econbiz.de/10010260622
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Persistent zeros: The extensive margin of trade
Hinz, Julian; Stammann, Amrei; Wanner, Joschka - 2019
The extensive margin of bilateral trade exhibits a high level of persistence that cannot be explained by geography or trade policy. We combine a heterogeneous firms model of international trade with bounded productivity with features from the firm dynamics literature to derive expressions for an...
Persistent link: https://www.econbiz.de/10012100530
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Trade among the Post-Soviet states: evolution and policy issues
Langhammer, Rolf J.; Lücke, Matthias - 1995
This paper analyses the causes of the precipitous fall in trade among the twelve CIS countries since 1990; points out the implications for industrial restructuring; and discusses the policy options for regional reintegration. The main finding is that the decline in intra-C!S trade was initiated by...
Persistent link: https://www.econbiz.de/10010261742
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The impact of accession to GATT on trade-related policies of CIS countries: the case of Belarus
Lücke, Matthias - 1995
This paper investigates which policies CIS countries need to reform when they accede to GATT. The objectives to be pursued through trade policy (e.g. raising fiscal revenue, protecting industries, regional integration) must be defined clearly when tariff levels are bound. Some streamlining (e.g....
Persistent link: https://www.econbiz.de/10010265323
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European integration and changing trade patterns: the case of the Baltic states
Laaser, Claus-Friedrich; Schrader, Klaus - 2002
The analysis of Baltic regional trade patterns reveals that during the nineties the Baltic states made significant progress to integrate into the Western European division of labour although a significant share of (transit) trade with Russia remained. In view of this development, history seems...
Persistent link: https://www.econbiz.de/10010265516
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The Baltic States' integration into the European division of labour
Laaser, Claus-Friedrich; Schrader, Klaus - 2004
The analysis of Baltic trade statistics and gravity estimates reveal that Estonia, Latvia and Lithuania have rapidly integrated into the international division of labour with a distinct EU focus. The Baltic States have taken a road towards the EU common market which pays particular attention to...
Persistent link: https://www.econbiz.de/10010273120
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The impact of a customs union with the EU on Turkey's welfare, employment and income distribution: An AGE analysis
De Santis, Roberto A. - 1997
The economic implications and the income distribution effects of the CU between Turkey and the EU have been studied by applying a general equilibrium model to the Turkish economy. The numerical results show that the CU is not trade diverting. Most importantly, urban (rural) groups are better...
Persistent link: https://www.econbiz.de/10010275201
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The impact of a Customs Union with the EU on internal migration in Turkey under the two alternative Harris-Todaro and wage curve settings
De Santis, Roberto A. - 1998
The impact on internal migration of the recent Customs Union (CU) agreement between Turkey and the European Union (EU) has been studied with an intra-industry trade Applied General Equilibrium (AGE) model with intersectoral capital mobility, under two alternative specifications for the labour...
Persistent link: https://www.econbiz.de/10010275315
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Emerging East-West collaborative networks: An appraisal
Schmidt, Klaus-Dieter - 1998
Although an extensive amount of literature reviews emerging patterns of east-west co-operation, it is not easy to grasp the state of the art. Too many of the books, articles and papers tend to mark the trees rather than to map the forest. The paper analyses recent trends from the point of view...
Persistent link: https://www.econbiz.de/10010275501