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It is often assumed that wedges evolve according to the VAR (1) in the applications of business cycle accounting (BCA). However, recent research finds that the wedges have no VAR (1) representation in many dynamic stochastic general equilibrium (DSGE) economies, and that there might be a...
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This paper examines the impacts of the Japan-Mexico EPA on bilateral trade by using two different types of information …, trade statistics and the EPA utilization rate. Using trade data, we found that Japan’s exports of built-up cars, auto parts … Japanese firms on their utilization of the Japan-Mexico EPA, the overall utilization rate was found to be rather low. However …
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