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The macroeconomic effects of global supply chain reorientation
Clancy, Daragh; Smith, Donal; Valenta, Vilém - 2024
a key component of attempts to reshore production and are an increasingly popular trade policy instrument in general … implemented unilaterally or induce a retaliation from trade partners, and also the extent to which they reduce domestic …
Persistent link: https://www.econbiz.de/10014490345
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Globalisation and the efficiency-equity trade-off
Beck, Roland; Di Nino, Virginia; Stracca, Livio - 2021
use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to … study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of … income and the Gini index of inequality). We find that (i) most of our episodes lead to an increase in trade openness (ii …
Persistent link: https://www.econbiz.de/10012511089
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Determinants of inflation and price level differentials across the euro area countries
Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2009
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10009640450
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Business cycles in the euro area
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2009
This paper shows that the EMU has not affected historical characteristics of member countries' business cycles and their cross-correlations. Member countries which had similar levels of GDP per-capita in the seventies have also experienced similar business cycles since then and no significant...
Persistent link: https://www.econbiz.de/10003831782
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Determinants of inflation and price level differentials across the euro area countries
Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2009
This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...
Persistent link: https://www.econbiz.de/10003969278
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The climate and the economy
Breckenfelder, Johannes; Maćkowiak, Bartosz; Marqués … - 2023
Climate change and the public policies to arrest it are and will continue reshaping the global economy. This Discussion Paper draws on economic research to identify some key medium- and long-run economic implications of these developments. It explores implications for growth, innovation,...
Persistent link: https://www.econbiz.de/10014230344
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How do speed and security influence consumers' payment behavior?
Schuh, Scott; Stavins, Joanna - 2015
Persistent link: https://www.econbiz.de/10011448512
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Designing targeting rules for international monetary policy cooperation
Benigno, Gianluca; Benigno, Pierpaolo - 2003
This study analyzes international monetary policy cooperation in a twocountry dynamic general equilibrium model with nominal rigidities, monopolistic competition and producer currency pricing. A quadratic approximation to the utility of the consumers is derived and assumed as the policy...
Persistent link: https://www.econbiz.de/10009635898
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Measuring contagion with a Bayesian, time-varying coefficient model
Ciccarelli, Matteo; Rebucci, Alessandro - 2003
To measure contagion empirically, we propose using a Bayesian time-varying coefficient model estimated with Markov ChainMonte Carlo methods. The proposed measure works in the joint presence of heteroskedasticity and omitted variables and does not require knowledge of the timing of the crisis. It...
Persistent link: https://www.econbiz.de/10009635914
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Maintaining price stability under free-floating
Detken, Carsten; Gaspar, Vítor - 2003
The behaviour of the exchange rate under a floating exchange rate regime for a small open economy with perfect capital mobility may appear like a managed float or even a firmer peg. We present a canonical new neo-classical synthesis open economy model where the central bank follows a strategy...
Persistent link: https://www.econbiz.de/10009635960