Showing 1 - 10 of 1,191
International trade can have profound effects on domestic institutions. We examine this proposition in the context of medieval Venice circa 800-1350. We show that (initially exogenous) increases in long-distance trade enriched a large group of merchants and these merchants used their new-found...
Persistent link: https://www.econbiz.de/10012460373
trade of India, Pakistan, and Egypt, on which some useful empirical studies have been conducted. The target we are …
Persistent link: https://www.econbiz.de/10012479072
We study the implications of global supply chains for the design of monetary policy, using a small-open economy New Keynesian model with multiple stages of production. Within the family of simple monetary policy rules with commitment, a rule that targets separate producer price inflation at...
Persistent link: https://www.econbiz.de/10012479127
Common wisdom dictates that uncertainty impedes trade--we show that uncertainty can fuel more trade in a simple general equilibrium trade model with information frictions. In equilibrium, increases in uncertainty increase both the mean and the variance in returns to exporting implying that trade...
Persistent link: https://www.econbiz.de/10012479559
model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade … quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a … 2.2% gain in response to globalization shocks. These gains would have been 73% larger in the absence of the global …
Persistent link: https://www.econbiz.de/10012482533
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 …. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …
Persistent link: https://www.econbiz.de/10012482557
Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...
Persistent link: https://www.econbiz.de/10012462358
Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
Persistent link: https://www.econbiz.de/10012462900
The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to encourage a level playing field. The type of trade...
Persistent link: https://www.econbiz.de/10012463276
Two prominent features of globalization in recent decades are the remarkable increase in trade and in migratory flows …
Persistent link: https://www.econbiz.de/10012465008