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Axiomatic and Economic Approaches to International Comparisons

Diewert, W. Erwin - 2010

The paper considers the problem of choosing a multilateral system of index numbers in order to make aggregate price and quantity comparisons between many countries and regions. The problems involved in choosing functional forms in order to make these comparisons are both theoretically and...

Persistent link: https://www.econbiz.de/10013137597

The Use of Tax Havens in Exemption Regimes

Gumpert, Anna - 2011

This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...

Persistent link: https://www.econbiz.de/10013117565

When Bonds Matter : Home Bias in Goods and Assets

Coeurdacier, Nicolas - 2011

This paper presents a model of international portfolios with real exchange rate and non financial risks that accounts for observed levels of equity home bias. A key feature is that investors can trade equities as well as domestic and foreign real bonds. Bonds matter: in equilibrium, investors...

Persistent link: https://www.econbiz.de/10013118846

Assessing International Efficiency

Heathcote, Jonathan - 2013

This paper is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation of...

Persistent link: https://www.econbiz.de/10013083395

Mobile Scientists and International Networks

Scellato, Giuseppe - 2014

This paper explores the link between mobility and the presence of international research networks. Data come from the GlobSci survey of authors of articles published in 2009 in four fields of science working in sixteen countries. Summary evidence suggests that migration plays an important role...

Persistent link: https://www.econbiz.de/10013064894

Does the Federal Reserve Care About the Rest of the World?

Eichengreen, Barry - 2013

Many economists are accustomed to thinking about Federal Reserve policy in terms of the institution's dual mandate, which refers to price stability and high employment, and in which the exchange rate and other international variables matter only insofar as they influence inflation and the output...

Persistent link: https://www.econbiz.de/10013076575

Tax Reform, Delocation and Heterogeneous Firms

Baldwin, Richard - 2010

The standard international tax model is extended to allow for heterogeneous firms when agglomeration forces are important thus allowing us to study the relocation effects of taxes that vary according to firm size. We show that allowing for heterogeneity permits a given tax scheme to have an...

Persistent link: https://www.econbiz.de/10013152382

Cross-Border Banking

Eaton, Jonathan - 2008

The banking systems of some countries export intermediation services to the rest of the world, while many other countries are net exporters of deposits to banks abroad and net importers of loans from banks abroad. Banking center countries typically have lower inflation, deeper financial systems,...

Persistent link: https://www.econbiz.de/10012774844

On the Geography of Global Value Chains

Antras, Pol - 2017

This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the … trade costs affect the extent to which various countries participate in domestic, regional or global value chains, and …

Persistent link: https://www.econbiz.de/10012955438

Digital Labor Markets and Global Talent Flows

Horton, John J. - 2017

Digital labor markets are rapidly expanding and connecting companies and contractors on a global basis. We review the …-connected exchanges on digital platforms, 2) gravity model analyses of global outsourcing contract flows and their determinants for … labor markets are an exciting frontier for global talent flows and growing rapidly in importance …

Persistent link: https://www.econbiz.de/10012956400