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Export Supply and Import Demand Functions : a Production Theory Approach

Diewert, W. Erwin - 2021

In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S … derive devaluation elasticities and some estimates of the equilibrium real exchange rate that would cause the U.S. trade …

Persistent link: https://www.econbiz.de/10013221104

Ferreting Out Tunneling : An Application to Indian Business Groups

Bertrand, Marianne - 2010

In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature....

Persistent link: https://www.econbiz.de/10012763282

Production Chains

Levine, David K. - 2010

More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...

Persistent link: https://www.econbiz.de/10013135410

What Goes on Under the Hood? How Engineers Innovate in the Automotive Supply Chain

Helper, Susan - 2016

. Autos account for 5% of US GDP and in 2011, 70% of auto suppliers contributed design effort, a task typically performed by …

Persistent link: https://www.econbiz.de/10012984138

Technology and Production Fragmentation : Domestic Versus Foreign Sourcing

Fort, Teresa - 2016

strategies. Using new data on U.S. firms' decisions to contract for manufacturing services from domestic or foreign suppliers, I …

Persistent link: https://www.econbiz.de/10012984719

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the Us and Europe

Justiniano, Alejandro - 2012

-Saxon countries (the US and the UK), two Continental European countries (France and Germany) and two Scandinavian countries (Norway … probabilities observed in US, with mixed success in Europe. In contrast, matching shocks and job destruction shocks play a larger … role in most European countries relative to the US …

Persistent link: https://www.econbiz.de/10013114011

Animal Spirits, Financial Crises and Persistent Unemployment

Farmer, Roger E. A. - 2011

This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of capital may be unbounded above. I argue that this property is an important feature of any rational-agent explanation of a financial crisis, since for the expansion phase of the...

Persistent link: https://www.econbiz.de/10013123693

Does European Unemployment Prop Up American Wages?

Davis, Donald R. - 2011

We consider trade between a flexible wage America and a rigid real wage Europe. In a benchmark case, a move from autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European level. Entry of the unskilled South to world markets...

Persistent link: https://www.econbiz.de/10013125263

Labor Market, Financial Crises and Inflation : Jobless and Wageless Recoveries

Calvo, Guillermo A. - 2012

This paper uses a sample of 116 recession episodes in developed and emerging market economies to compare the labor-market recovery during financial crises with that of other recession episodes. It documents two new stylized facts. First, labor-market recovery from financial crises is...

Persistent link: https://www.econbiz.de/10013099123

Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights

Acharya, Viral V. - 2013

Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the solvency condition of financial firms in adverse macroeconomic scenarios. We provide a test of these stress tests by comparing their risk assessments and outcomes to those from...

Persistent link: https://www.econbiz.de/10013083085