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An Index of Global Economic Policy Uncertainty
Davis, Steven J. - 2016
Building on Baker, Bloom and Davis (2016), I construct a monthly index of Global Economic Policy Uncertainty (GEPU) from January 1997. The GEPU Index is a GDP-weighted average of national EPU indices for 16 countries that account for two-thirds of global output. Each national EPU index reflects...
Persistent link: https://www.econbiz.de/10012981099
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Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation
Korinek, Anton - 2017
In an interconnected world, national economic policies regularly lead to large international spillover effects, which …
Persistent link: https://www.econbiz.de/10012966595
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International Policy Coordination : The Long View
Eichengreen, Barry - 2013
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
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International Coordination of Economic Policies : Scope, Methods, and Effects
Frenkel, Jacob A.; Goldstein, Morris; Masson, Paul R. - 2021
actual evolution of the world economy over the 1974-87 period. Our findings suggest that simple mechanistic rule …
Persistent link: https://www.econbiz.de/10013232745
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Feasible Globalizations
Rodrik, Dani - 2021
The nation-state system, democratic politics, and full economic integration are mutually incompatible. Of the three, at most two can be had together. The Bretton Woods/GATT regime was successful because its architects subjugated international economic integration to the needs and demands of...
Persistent link: https://www.econbiz.de/10013223863
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Which Social Cost of Carbon? A Theoretical Perspective
Kotchen, Matthew J. - 2016
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012992145
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Innovation and Trade Policy in a Globalized World
Akcigit, Ufuk - 2018
innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … illustrates that, statically, globalization (defined as reduced trade barriers) has ambiguous effects on welfare, while …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …
Persistent link: https://www.econbiz.de/10012920880
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Bilateral Trade as a Development Instrument Under Global Trade Restrictions
Nashashibi, Karim A. - 2021
In their striving toward development, a number of less developed countries have espoused bilateral trade as yet another policy instrument allowing them to increase their acquisition of foreign resources. This has been particularly true of the trade of India, Pakistan, and Egypt, on which some...
Persistent link: https://www.econbiz.de/10013245548
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Multilateral Trade Bargaining : a First Look at the GATT Bargaining Records
Bagwell, Kyle - 2015
This paper empirically examines recently declassified data from the GATT/WTO on tariff bargaining. We document eight stylized facts about these interconnected high-stakes international negotiations. We use detailed product-level offer and counteroffer data to examine several questions about...
Persistent link: https://www.econbiz.de/10013017081
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Financial Crises and Reform of the International Financial System
Fischer, Stanley - 2021
Between December 1994 and March 1999, Mexico, Thailand, Indonesia, Korea, Malaysia, Russia and Brazil experienced major financial crises which were associated with massive recessions and extreme movements of exchange rates. Similar crises have threatened Turkey and Argentina (2000 and 2001) and...
Persistent link: https://www.econbiz.de/10013226057