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In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient...
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This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a new quantitative spatial trade model and to use an...
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countries such as the United States (US) and the European Union (EU) bloc. A first stage involved the identification of tariff … lines (TL) for the EU and the US sugar imports from Brazil during the period of 1995 to 2013. Next, WTO notifications about … raw sugar in EU and 30% for white sugar in US in years 1999 and 2002, which the additional tariffs were highest. In period …
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Central banks' commitment to public interest goes beyond monetary policy. A wide range of areas are under the control of central banks (price and financial stability, services for the economy, e.g., economic analysis, payments, financial education, customer protection); central banks also have...
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