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Global Supply Chain Pressures, International Trade, and Inflation

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - 2022

We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects – the switch from...

Persistent link: https://www.econbiz.de/10014080974

Globalization and Global Crises : Rest of the World vs. Israel

Razin, Assaf - 2021

. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of … side only. On the demand side, the desire to invest has plunged, while people across the rich world are now saving much of …

Persistent link: https://www.econbiz.de/10013250932

Trade and Investment in the Global Economy

Anderson, James E. - 2017

actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9\% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …

Persistent link: https://www.econbiz.de/10012948432

The Pacific Basin in World Trade : Part Iii, an Analysis of Changing Trade Patterns, 1955-1975

Hickman, Bert G.; Kuroda, Yoshimi; Lau, Lawrence J. - 2021

and between them and eleven regions in the Rest of the World (ROW). In Part I of the sequence (Hickman, Kuroda and Lau … cumulative percentage change in each country's share of world exports between 1955 and 1975 and for selected sub periods. In … gains or loses in world trade according to whether or not it can increase its shares of the markets in which it sells rather …

Persistent link: https://www.econbiz.de/10013220001

Fooling Ourselves : Evaluating the Globalization and Growth Debate

Hallak, Juan Carlos; Levinsohn, James Alan - 2021

This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...

Persistent link: https://www.econbiz.de/10013221540

Macroeconomic Interdependence and the International Role of the Dollar

Goldberg, Linda S.; Tille, Cédric - 2021

The U.S. dollar holds a dominant place in the invoicing of international trade, along two complementary dimensions. First, most U.S. exports and imports invoiced in dollars. Second, trade flows that do not involve the United States are also substantially invoiced in dollars, an aspect that has...

Persistent link: https://www.econbiz.de/10013234967

Non-Economic Engagement and International Exchange : The Case of Environmental Treaties

Rose, Andrew; Spiegel, Mark - 2021

We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...

Persistent link: https://www.econbiz.de/10013238743

The Mirage of Fixed Exchange Rates

Obstfeld, Maurice; Rogoff, Kenneth S. - 2021

This paper discusses the profound difficulties of maintaining fixed exchange rates in a world of expanding global …

Persistent link: https://www.econbiz.de/10013242908

Globalization, Technology, and the Skill Premium : A Quantitative Analysis

Burstein, Ariel T. - 2010

We construct a model of international trade and multinational production (MP) to examine the impact of globalization on the skill premium in skill-abundant and skill-scarce countries. The key mechanisms in our framework arise from the interaction between three elements: cross-country differences...

Persistent link: https://www.econbiz.de/10013137021

Recent Findings on Trade and Inequality

Harrison, Ann E. - 2010

The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...

Persistent link: https://www.econbiz.de/10013137608