This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the period 2000-2006....

This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-2006 period....

This paper is a study of the influence of economic and political conditions on the results of incumbent parties' candidates in local elections in France. The large sample used covers 586 towns and two elections (2001 and 2008). It explicitly deals with the specificities induced by the tworound...

Using a French firm-level database that combines balance-sheet and product-destination-specific export information over the period 1995-2001, we study the interconnections between exports and domestic sales. We identify exogenous shocks that affect the firms' demand on foreign markets to...

The creation of the European Monetary Union (EMU) in 1999 was expected to become a catalyst for real convergence in Europe. Far from being the case, real divergence increased from the early 1990s as evidenced by low productivity growth in the "periphery" of the Euro area relative to "core"...

The scale of public expenditure to be incurred in the Covid-19 health crisis is raising heated debates about the appropriate funding. Long rejected by mainstream macroeconomics due to its possible inflationary consequences, monetization is currently undergoing a surprising rehabilitation....

The impact of immigration on native workers' wages has been a topic of long-standing debate. This meta-analysis reviews 42 studies published between 1987 to 2019, offering a comprehensive assessment of reduced-form estimates of the wage effect of immigration. The results confirm that immigration...

This paper analyses the relationship between domestic market fragmentation and economic performance at the sub-national level within China. Market segmentation means that goods, services and factors of production -capital and labour- are not easily mobile across different regions. China's...

This paper studies the degree of mobility and estimates the motion law of workers across China between 1985 and 1995 in light of the new economic geography. We rely on intra and inter-provincial migration data for 30 Chinese provinces to measure the importance of provincial borders as...