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the world's trading system. This paper deals with the impact on the German economy of some changes that might have been …
Persistent link: https://www.econbiz.de/10011472473
in particular are dynamic segments of world trade. Both total trade data as well as US import trade figures do not …
Persistent link: https://www.econbiz.de/10011495502
This paper discusses environmental policies in response to foreign direct investment (FDI) in a symmetrie two-country setting, where firms' behavior affects government policy decisions. We show that two alternative equilibria with FDI are possible: (i) one with unilateral FDI, where one firm is...
Persistent link: https://www.econbiz.de/10011473794
reflects low saving, higher growth with respect to the rest of the world and the high dollar, private saving is much lower than …
Persistent link: https://www.econbiz.de/10011475984
While international trade can offer gains from specialization and access to a wider range of products, it is also closely interlinked with global environmental problems, above all, anthropogenic climate change. This survey provides a structured overview of the economic literature on the...
Persistent link: https://www.econbiz.de/10013370320
Climate change affects the physical and biological system in many regions of the world. The extent to which human … disaggregated framework to analyze adaptation to climate change in different regions of the world. It turns out that vulnerability …
Persistent link: https://www.econbiz.de/10011490682
How should monetary policy be optimally designed in an environment with high degrees of financial globalization? To … answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … versus pegged) shows that the impossible trinity is reversed: a higher degree of financial globalization, by inducing more …
Persistent link: https://www.econbiz.de/10003985521
This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....
Persistent link: https://www.econbiz.de/10011475038
Persistent link: https://www.econbiz.de/10001756163
with exports to the rest of the world, suggesting that in contrast to trade diversion, trade with Asia complements exports …
Persistent link: https://www.econbiz.de/10012233620