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Did U.S. Politicians Expect the China Shock?
Bombardini, Matilde - 2020
In the two decades straddling China's WTO accession, the China Shock, i.e. the rapid trade integration of China in the … the casus belli for a global trade war. Were its consequences unexpected? Did U.S. politicians have imperfect information … about the extent of China Shock's repercussions in their district at the time when they voted on China's Normal Trade …
Persistent link: https://www.econbiz.de/10012482292
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Finite- and Large-Sample Inference for Ranks using Multinomial Data with an Application to Ranking Political Parties
Bazylik, Sergei; Mogstad, Magne; Romano, Joseph P.; … - National Bureau of Economic Research - 2021
our methodology to rank political parties in Australia using data from the 2019 Australian Election Survey. We find that …
Persistent link: https://www.econbiz.de/10012696428
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Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
Chari, V.V. - 2000
The central puzzle in international business cycles is that real exchange rates are volatile and persistent. The most popular story for real exchange rate fluctuations is that they are generated by monetary shocks interacting with sticky goods prices. We quantify this story and find that it can...
Persistent link: https://www.econbiz.de/10012470868
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Exchange Rates and Local Labor Markets
Goldberg, Linda - 1999
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...
Persistent link: https://www.econbiz.de/10012471823
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International Competition and Exchange Rate Shocks : A Cross-Country Industry Analysis of Stock Returns
Griffin, John M. - 1997
It is widely accepted that, for some industries, competition across countries is" economically important and that this competition is strongly affected by exchange rate changes." This paper explores the validity of this view using weekly stock return data on 320 industry pairs" in six countries...
Persistent link: https://www.econbiz.de/10012472569
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An International Comparison of Employment Adjustment to Exchange Rate Fluctuations
Burgess, Simon - 1996
This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries. Using a simple empirical framework that places little a priori structure on the pattern of response to shocks, we find the data are consistent with the view that employment in...
Persistent link: https://www.econbiz.de/10012472967
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Sources of Real Exchange Rate Fluctuations : How Important are Nominal Shocks?
Clarida, Richard - 1994
This paper investigates empirically and attempts to identify the sources of real exchange rate fluctuations since the collapse of Bretton Woods. The paper's first two sections survey and extend earlier, non-structural empirical work on this subject by Campbell and Clarida (1987), Meese and...
Persistent link: https://www.econbiz.de/10012474278
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Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates
Eichenbaum, Martin - 1993
rates. The temporal pattern of the depreciation in U.S. nominal exchange rates following a positive monetary policy shock is …
Persistent link: https://www.econbiz.de/10012474691
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Trade and Worker Deskilling
Costa, Rui - 2019
produced an unprecedentedly large shock to the UK exchange rate. In the 24 hours in June 2016 during which the UK electorate …
Persistent link: https://www.econbiz.de/10012479869
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Exchange Rates and Uncovered Interest Differentials : The Role of Permanent Monetary Shocks
Schmitt-Grohé, Stephanie - 2018
We estimate an empirical model of exchange rates with transitory and permanent monetary shocks. Using monthly post-Bretton-Woods data from the United States, the United Kingdom, and Japan, we report four main findings: First, there is no exchange rate overshooting in response to either temporary...
Persistent link: https://www.econbiz.de/10012481028