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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

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

International Policy Coordination in Historical Perspective : a View from the Interwar Years

Eichengreen, Barry - 2021

model developed in this section suggests that the failure to coordinate policies lent a deflationary bias to the world …

Persistent link: https://www.econbiz.de/10013224214

The Sources of Disagreement Among International Macro Models and Implications for Policy Coordination

Frankel, Jeffrey A. - 2021

This paper makes use of the simulation results of 12 leading large international econometric models, as to the effects of commonly specified changes in monetary and fiscal policy, conducted under the Brookings exercise "Empirical Macroeconomics for Interdependent Economies." The first half of...

Persistent link: https://www.econbiz.de/10013234952

International Monetary Coordination and the Great Deviation

Taylor, John B. - 2013

Research in the early 1980s found that the gains from international coordination of monetary policy were quantitatively small compared to simply getting domestic policy right. That prediction turned out to be a pretty good description of monetary policy in the 1980s, 1990s, and until recently....

Persistent link: https://www.econbiz.de/10013088395

Multilateral Economic Cooperation and the International Transmission of Fiscal Policy

Corsetti, Giancarlo - 2013

During the global financial crisis 2007-2009 fiscal policy was widely used as a stabilization tool. Policymakers allowed a large build-up of public debt resulting from both automatic and discretionary expansionary measures. At the same time, calls for policy coordination stressed that...

Persistent link: https://www.econbiz.de/10013091899

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

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

International Economic Policy : Was There a Bush Doctrine?

Eichengreen, Barry - 2008

While many political scientists and diplomatic historians see the Bush presidency as a distinctive epoch in American foreign policy, we argue that there was no Bush Doctrine in foreign economic policy. The Bush administration sought to advance a free trade agenda but could not avoid the use of...

Persistent link: https://www.econbiz.de/10012772458

International Coordination of Central Bank Policy

Engel, Charles - 2015

This paper surveys the current state of the literature on international monetary policy coordination. It relates recent policy discussions to the lessons from the literature. It proposes several avenues for future research

Persistent link: https://www.econbiz.de/10013028062