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A Note on Long-Run Persistence of Public Health Outcomes in Pandemics
Lin, Peter Zhixian - 2020
Covid-19 is the single largest threat to global public health since the Spanish Influenza pandemic of 1918-20. Was the world better prepared in 2020 than it was in 1918? After a century of public health and basic science research, pandemic response and mortality outcomes should be better than in...
Persistent link: https://www.econbiz.de/10012481702
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Global Pricing of Carbon-Transition Risk
Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021
levels of carbon emissions (and higher annual changes)--in all sectors over three continents, Asia, Europe, and North America …
Persistent link: https://www.econbiz.de/10012482725
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Liquidity Management and Corporate Investment During a Financial Crisis
Campello, Murillo - 2010
This paper uses a unique dataset to study how firms managed liquidity during the financial crisis. Our analysis provides new insights on the interactions between internal liquidity, external funds, and real corporate decisions, such as investment and employment. We first describe how companies...
Persistent link: https://www.econbiz.de/10012462348
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Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later
O'Rourke, Kevin H. - 2005
spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have … relative spice prices, that is, accounting for inflation. It also draws on evidence from Iberia and northern Europe. In …
Persistent link: https://www.econbiz.de/10012466787
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Two Tales of Adjustment : East Asian Lessons for European Growth
Chari, Anusha - 2014
be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF … different policies to begin with, the fiscal adjustment in Asia was far more modest than is commonly known and the switch from … stimulus to austerity in Europe was quite abrupt. The difference in fiscal stance helps explain the difference in the post …
Persistent link: https://www.econbiz.de/10012458823
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War in Iraq versus Containment
Davis, Steven J. - 2006
According to our analysis, pre-invasion views about the likely course of the Iraq intervention imply present value costs for the United States in the range of $100 to $870 billion. Our estimated present value cost for the containment policy is nearly $300 billion and ranges upward to $700...
Persistent link: https://www.econbiz.de/10012466576
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The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes : Evidence and Theory
Bai, Xiwen; Fernández-Villaverde, Jesús; Li, Yiliang; … - National Bureau of Economic Research - 2024
We study the causal effects and policy implications of global supply chain disruptions. We construct a new index of supply chain disruptions from the mandatory automatic identification system data of container ships, developing a novel spatial clustering algorithm that determines real-time...
Persistent link: https://www.econbiz.de/10014486190
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Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics : Is There a Common Cause?"
Engel, Charles - 2000
The paper offers comments on Obstfeld and Rogoff (2000). The comments primarily focus on three issues: (a) How do we reconcile the numerical examples of OR, which show quantitatively plausible resolutions to the major puzzles arising from costs of trade, with previous studies that have found...
Persistent link: https://www.econbiz.de/10012470932
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The Six Major Puzzles in International Macroeconomics : Is There a Common Cause?
Obstfeld, Maurice - 2000
The central claim in this paper is that by explicitly introducing costs of international trade (narrowly, transport costs but more broadly, tariffs, nontariff barriers and other trade costs), one can go far toward explaining a great number of the main empirical puzzles that international...
Persistent link: https://www.econbiz.de/10012470973
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Have Falling Tariffs and Transportation Costs Raised U.S. Wage Inequality?
Haskel, Jonathan E. - 2000
A number of studies have tried to gauge the effect of international trade on the rising U.S. skill premium by examining whether product prices in unskill-intensive sectors have fallen relative to prices in skill-intensive sectors. However, these studies do not estimate what share of domestic...
Persistent link: https://www.econbiz.de/10012471236