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International Climate Agreements and the Scream of Greta
Maggi, Giovanni; Staiger, Robert W. - National Bureau of Economic Research - 2022
climate catastrophe and emphasizes the role of international externalities that a country's policies exert on other countries … and intertemporal externalities that current generations exert on future generations. Within this setting, we explore the …
Persistent link: https://www.econbiz.de/10013462728
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Strategic Trade, Competitive Industries and Agricultural Trade Disputes
Bagwell, Kyle - 2000
The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …
Persistent link: https://www.econbiz.de/10012470921
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Inflationary Consequences of Anticipated Macroeconomic Policies
Drazen, Allan - 1986
We consider a model in which the level of taxes and seignorage are too low to finance government expenditures and debt service. Government debt will therefore grow without bound, implying the eventual need to change policy. Starting with utility maximization, we analyze the effect of the...
Persistent link: https://www.econbiz.de/10012477065
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Exchange Rate Management : Intertemporal Tradoffs
Helpman, Elhanan - 1985
The management of the exchange rate is possible only if the government pursues a monetary-fiscal policy mix which is consistent with its exchange rate targets. In this paper with uncertainty concerning the length of individual life the real consequences of exchange rate management depend on the...
Persistent link: https://www.econbiz.de/10012477494
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Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality
Helpman, Elhanan - 2010
Recent research has emphasized firm heterogeneity as a source of comparative advantage. Combining this approach with labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and inequality. This paper reviews this approach and reports...
Persistent link: https://www.econbiz.de/10012462891
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International Trade and Domestic Regulation
Staiger, Robert W. - 2009
Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...
Persistent link: https://www.econbiz.de/10012463108
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Breach, Remedies and Dispute Settlement in Trade Agreements
Maggi, Giovanni - 2009
We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or...
Persistent link: https://www.econbiz.de/10012463189
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Delocation and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle - 2009
results therefore indicate that the terms-of-trade theory of trade agreements applies to a broader set of market structures …
Persistent link: https://www.econbiz.de/10012463205
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Income Distribution, Product Quality, and International Trade
Fajgelbaum, Pablo D. - 2009
We develop a framework for studying trade in vertically and horizontally differentiated products. In our model, consumers with heterogeneous incomes and tastes purchase a homogeneous good as well as making a discrete choice of quality and variety of a differentiated product. The distribution of...
Persistent link: https://www.econbiz.de/10012463321
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Profit Shifting and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle - 2009
When markets are imperfectly competitive, trade policies can alter the terms of trade, shift profits from one country to another, and moderate or exacerbate existing distortions that are associated with the presence of monopoly power. In light of the various ways in which trade policies may...
Persistent link: https://www.econbiz.de/10012463844