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theory of international economic integration and explores the existing and emerging international integration agreements … treatment continues to be his union of theory and applied material. For him, the major interest always resides in the problems … created by the working out of various forms of integration in real situations. He uses theory but no more than is needed to …
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Estimates of the elasticity of substitution between domestic and foreign varieties are small in macroeconomic data, but substantially larger in disaggregated microeconomic studies. This may be an artifact of heterogeneity. We use disaggregated multilateral trade data to structurally identify...
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We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of...
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