Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10011695633
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10010286173
estimation approach, we find that WTO membership has promoted world trade to a larger extent than Rose's results seem to indicate. …
Persistent link: https://www.econbiz.de/10010274458
Persistent link: https://www.econbiz.de/10011695977
Weltwirtschaft und von außerhalb des Instituts Antworten auf die drängenden Fragen: Wie verändert die Krise unsere Welt? Wird diese …The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in … impact: when countries are connected by trade in goods, when a lockdown closes factories in one place of the world, essential …
Persistent link: https://www.econbiz.de/10012290500
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10011453724
The Kyoto Protocol's success or failure should be evaluated against the unobserved counterfactual of no treatment. This requires instrumental variables. We find that countries' membership in the International Criminal Court (ICC) predicts Kyoto ratification in a panel model. Both multilateral...
Persistent link: https://www.econbiz.de/10010312056