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model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade … quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a … a 2.2 percent gain in response to globalization shocks. These gains would have been 73 percent larger in the absence of …
Persistent link: https://www.econbiz.de/10012498273
Persistent link: https://www.econbiz.de/10012509951
We argue that modeling trade imbalances is crucial to understanding transitional dynamics in response to globalization …
Persistent link: https://www.econbiz.de/10014358315
model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade … quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a … 2.2 percent gain in response to globalization shocks. These gains would have been 73 percent larger in the absence of …
Persistent link: https://www.econbiz.de/10013231930
model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade … quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a … a 2.2 percent gain in response to globalization shocks. These gains would have been 73 percent larger in the absence of …
Persistent link: https://www.econbiz.de/10013238197
We investigate the role of trade imbalances for the distributional consequences of globalization. We do so through the … that modelling trade imbalances can lead to stark differences between short- and long-run consequences of globalization …
Persistent link: https://www.econbiz.de/10013334406
model to study the behavior of labor markets in response to globalization shocks, including shocks to technology, trade … quantitatively the short- and long-run implications of globalization shocks for labor reallocation and unemployment dynamics. In a … 2.2% gain in response to globalization shocks. These gains would have been 73% larger in the absence of the global …
Persistent link: https://www.econbiz.de/10012482533
Persistent link: https://www.econbiz.de/10014319807
I discuss the need for trade models to incorporate endogenous trade imbalances both to more adequately capture the reality of a global economy with large imbalances and pressures from the financial crisis for countries to reduce imbalances. Conventional general equilibrium trade models...
Persistent link: https://www.econbiz.de/10009767591
A two country model of trade between a flexiwage and a minimum wage economy or two mmjmum wage economies is developed. The main novelty is that there are three factors of production: capital, skilled and unskilled labour. This unlocks the terms of trade. Unskilled labour is subject to the same...
Persistent link: https://www.econbiz.de/10009491063