Narrow search
Showing 1 - 10 of 9,062
Cover Image
Market Deregulation and Optimal Monetary Policy in a Monetary Union
Cacciatore, Matteo - 2013
The wave of crises that began in 2008 reheated the debate on market deregulation as a tool to improve economic … policy to reduce transition costs. Third, deregulation reduces static and dynamic inefficiencies, making price stability more … desirable. International synchronization of reforms can eliminate policy tradeoffs generated by asymmetric deregulation …
Persistent link: https://www.econbiz.de/10012459637
Cover Image
Lessons from U.S.-China Trade Relations
Caliendo, Lorenzo; Parro, Fernando - National Bureau of Economic Research - 2022
We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...
Persistent link: https://www.econbiz.de/10013361989
Cover Image
Beware the Side Effects : Capital Controls, Trade, Misallocation and Welfare
Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina; … - National Bureau of Economic Research - 2023
We show that capital controls have large adverse effects on misallocation, exports and welfare using a dynamic Melitz-OLG model with heterogeneous firms, monopolistic competition, endogenous trade participation and collateral constraints. Static effects increase misallocation by reducing...
Persistent link: https://www.econbiz.de/10014226160
Cover Image
Inefficient Labor Market Sorting
Eckel, Carsten; Yeaple, Stephen R. - National Bureau of Economic Research - 2024
A growing empirical literature attributes much of the productivity advantages of large, "superstar" firms to their adoption of best practice management techniques that allow them to better identify and use talented workers. The reasons for the incomplete adoption of these "structured management...
Persistent link: https://www.econbiz.de/10015056121
Cover Image
Labor Unions and Social Insurance
Aizawa, Naoki; Fang, Hanming; Komatsu, Katsuhiro - National Bureau of Economic Research - 2024
The United States has experienced a significant decline in labor unions over the past half-century. We examine the aggregate labor market impact of labor unions, the causes of their decline, and their welfare and distributional consequences, accounting for unions' effects on wages and employers'...
Persistent link: https://www.econbiz.de/10015056117
Cover Image
Evaluating Labor Market Reforms : A General Equilibrium Approach
Alonso-Borrego, César - 2005
common such contracts have become after deregulation, there is a lack of quantitative analysis of their impact on the economy …
Persistent link: https://www.econbiz.de/10012467160
Cover Image
Right-to-Work Laws, Unionization, and Wage Setting
Fortin, Nicole Marie; Lemieux, Thomas; Lloyd, Neil - National Bureau of Economic Research - 2022
This paper uses two complementary approaches to estimate the effect of right-to-work (RTW) laws on wages and unionization rates. The first approach uses an event study design to analyze the impact of the adoption of RTW laws in five U.S. states since 2011. The second approach relies on a...
Persistent link: https://www.econbiz.de/10013334317
Cover Image
Trade, Unemployment, and Monetary Policy
Cacciatore, Matteo - 2020
We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of...
Persistent link: https://www.econbiz.de/10012481329
Cover Image
International Welfare and Employment Linkages Arising from Minimum Wages
Egger, Hartmut - 2009
We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...
Persistent link: https://www.econbiz.de/10012463453
Cover Image
Foreign Influence and Welfare
Antràs, Pol - 2008
How do foreign interests influence the policy determination process? What are the welfare implications of such foreign influence? In this paper we develop a model of foreign influence and apply it to the study of optimal tariffs. We develop a two-country voting model of electoral competition,...
Persistent link: https://www.econbiz.de/10012464516