This paper analyzes the impact of exchange rate risk on global food supply chains. Although the theoretical literature … between exchange rate volatility and international trade flows. I contribute to the ongoing debate by investigating the … for a balanced panel of 159 countries for 2001 to 2017. I study the relationship for 781 agricultural and food products …

market concentration, reduced business dynamism, a widening productivity-gap between industry leaders and followers, and … slower productivity growth. Support for the model's key mechanism is established by showing that a decline in the ten year …

consequences of changing firm concentration: productivity, distortions, selection into exporting, scale economies, and … firms is attributable to higher productivity growth rather than differential distortions. Exceptional performance of the top …

The paper presents a new empirical regularity between the volatility of productivity growth and long-run unemployment …, for a given level of long-run productivity growth. A theoretical framework based on asymmetric real wage rigidities is … specification based on long-run productivity growth only, especially during the Great Moderation and the Great Recession …

-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at … business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks …

This paper offers empirical evidence that real exchange rate volatility can have a significant impact on long-term rate … of productivity growth, but the effect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for …

. The model is successful because the volatility of productivity shocks has also declined significantly over the same time … volatility requires a change in the volatility of a productivity-like shock operating within a standard growth model …This paper shows that a standard Real Business Cycle model driven by productivity shocks can successfully account for …