Showing 1 - 10 of 9,349
are linked to economic theory. We then use this system to classify all published field experiments in the five top … period, we find that economic theory has played a more central role in the laboratory than in the field. Finally, we discuss …
Persistent link: https://www.econbiz.de/10013068041
The paper provides a unified analysis of globalization effects on the Phillips curve and monetary policy, in a New … inflation and activity. If policy makers are guided by the welfare criterion of the representative household, globalization …
Persistent link: https://www.econbiz.de/10012776453
Recent decades have seen the emergence of global value chains (GVCs), in which production stages for individual goods are broken apart and scattered across countries. Stimulated by these developments, there has been rapid progress in data and methods for measuring GVC linkages. The...
Persistent link: https://www.econbiz.de/10012943190
Globalization has been blamed for rising inequality in rich and poor countries. Yet the views of many protagonists in … empirical literature on the relationship between globalization and wage inequality. While the initial analysis that started in … cumulative effect has been modest, and that globalization does not explain the preponderance of the rise in wage inequality …
Persistent link: https://www.econbiz.de/10012977276
We identify the causal effect of trade-integration with China and Eastern Europe on voting in Germany from 1987 to 2009. Looking at the entire political spectrum, we find that only extreme-right parties respond significantly to trade integration. Their vote share increases with import...
Persistent link: https://www.econbiz.de/10013009918
Why did some countries learn to grow up to financial stability and others not? We explore this question by surveying the key determinants and major policy responses to banking, currency, and debt crises between 1880 and present. We divide countries into three groups: leaders, learners, and...
Persistent link: https://www.econbiz.de/10013020714
International financial integration helps to diversify risk but also may increase the trans- mission of crises across countries. We provide a quantitative analysis of this trade-off in a two-country general equilibrium model with endogenous portfolio choice and collateral con- straints....
Persistent link: https://www.econbiz.de/10013046603
Does globalization widen inequality or increase income risk? In the specific factors continuum model of this paper …, globalization widens inequality, amplifying the positive (negative) premia for export (import- competing) sectors. Globalization …
Persistent link: https://www.econbiz.de/10012758013
implementation of the theory in open-economy environments and its implications for the international organization of production and … property-rights theory. Along the way, I develop novel theoretical results and also outline some of the key limitations of …
Persistent link: https://www.econbiz.de/10013119953
prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital … decreases because of globalization for two important reasons. First, the expected return that investors require to invest in …
Persistent link: https://www.econbiz.de/10013069163