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The Political Economy of Geoeconomic Power

Clayton, Christopher; Maggiori, Matteo; Schreger, Jesse - National Bureau of Economic Research - 2025

that persuading or coercing foreign governments plays in projecting geoeconomic power around the world …

Persistent link: https://www.econbiz.de/10015194998

The Dollar in an Era of International Retrenchment

Chahrour, Ryan; Valchev, Rosen - National Bureau of Economic Research - 2023

Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each …

Persistent link: https://www.econbiz.de/10014322792

Global Supply Chains : The Looming "Great Reallocation"

Alfaro, Laura; Chor, Davin - National Bureau of Economic Research - 2023

Global supply chains have come under unprecedented stress as a result of US-China trade tensions, the Covid-19 pandemic, and geopolitical shocks. We document shifts in the pattern of US participation in global value chains over the last four decades, in terms of partner countries, products, and...

Persistent link: https://www.econbiz.de/10014372418

International Trade and Innovation

Akcigit, Ufuk; Melitz, Marc J. - National Bureau of Economic Research - 2021

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and …

Persistent link: https://www.econbiz.de/10012794638

Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effect

Fernández-Villaverde, Jesús; Mineyama, Tomohide; … - National Bureau of Economic Research - 2024

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …

Persistent link: https://www.econbiz.de/10014576667

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

Razin, Asaf - National Bureau of Economic Research - 2021

. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …Post WWII globalization forces are facing headwinds in the form of global crises-the "The Great Recession" and the "The … Pandemic Recession". Israel's trade and financial globalization, however, is steadily rising. The pandemic-induced slump in …

Persistent link: https://www.econbiz.de/10012482557

Monetary-Fiscal Coordination with International Hegemon

Ding, Xuning; Jiang, Zhengyang - National Bureau of Economic Research - 2024

Monetary and fiscal policies require coordination to achieve desired macroeconomic outcomes. The literature since Leeper (1991) has focused on two regimes: monetary dominance and fiscal dominance. In both cases, one policy is active while the other is passive and accommodates the former. We...

Persistent link: https://www.econbiz.de/10015145074

Corporate Debt Structure with Home and International Currency Bias

Maggiori, Matteo; Neiman, Brent; Schreger, Jesse - National Bureau of Economic Research - 2023

We explore the consequences of global capital market segmentation by currency for the optimal currency composition of borrowing by firms. Global bond portfolios are driven by the currency of denomination of assets as investors prefer to lend in their home currency or the international currency,...

Persistent link: https://www.econbiz.de/10014437022

The International Monetary System and International Financial System as an Analogy to the Copernican Heliocentric system : A simple multi-layers network model with simultaneous regime changes

Bordo, Michael D.; Bastidon, Cécile - National Bureau of Economic Research - 2023

The evolution of the IMS and IFS in the past several hundred years can be viewed through the lens of the Copernican heliocentric system developed over 500 years ago. We trace out the evolution across regimes of the IMS and IFS in terms of network representations of the Copernican system. We...

Persistent link: https://www.econbiz.de/10014372472

Beyond the Fundamentals : How Media-Driven Narratives Influence Cross-Border Capital Flows

Agarwal, Isha; Chen, Wentong; Prasad, Eswar S. - National Bureau of Economic Research - 2024

We provide the first empirical evidence on how media-driven narratives influence cross-border institutional investment flows. Applying natural language processing techniques to one-and-a-half million newspaper articles, we document substantial cross-country variation in sentiment and risk...

Persistent link: https://www.econbiz.de/10015145110