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Sectorial border effects in the European Single Market
Cafiso, Gianluca - 2009
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10009640463
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estimating cross country differences in product quality using Eurostat's COMEXT trade database
Pula, Gabor; Santabárbara, Daniel - 2011
There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the advanced world, its export unit values are well below...
Persistent link: https://www.econbiz.de/10009640686
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Inventories and real rigidities in new Keynesian business cycle models
Kryvtsov, Oleksiy; Midrigan, Virgiliu - 2009
Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends their analysis to a richer setting that is capable of more closely accounting for the dynamics of the US business cycle. We...
Persistent link: https://www.econbiz.de/10010279871
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Inventories, markups and real rigidities in sticky price models of the Canadian economy
Kryvtsov, Oleksiy; Midrigan, Virgiliu - 2011
Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persistence in output and inflation. Kryvtsov and Midrigan (2010a,b) reassess these conclusions by combining a theory based on nominal...
Persistent link: https://www.econbiz.de/10010279896
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Inventories and real rigidities in new Keynesian business cycle models
Kryvtsov, Oleksiy; Midrigan, Virgiliu - 2009
Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends their analysis to a richer setting that is capable of more closely accounting for the dynamics of the US business cycle. We...
Persistent link: https://www.econbiz.de/10003823132
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Inventories, markups and real rigidities in sticky price models of the Canadian economy
Kryvtsov, Oleksiy; Midrigan, Virgiliu - 2011
Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persistence in output and inflation. Kryvtsov and Midrigan (2010a,b) reassess these conclusions by combining a theory based on nominal...
Persistent link: https://www.econbiz.de/10008859202
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Ben Bernanke in Doha : the effect of monetary policy on optimal tariffs
Lechthaler, Wolfgang - 2016
Trade liberalization can imply slow and long adjustment processes. Taking account of these adjustment processes can … change the evaluation of trade policy, especially when policy makers care more about the next couple of years than the …
Persistent link: https://www.econbiz.de/10011555189
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Intra-Industry Trade, Involuntary Unemployment and Macroeconomic Stability
Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021
We study the impact of intra-industry trade and capital mobility on steady state welfare and on the stability … size of the two countries. Steady state welfare improves in the full employment country with free trade and capital … for variety (and therefore intra-industry trade), reduces the likelihood of local indeterminacy, but leads to flip …
Persistent link: https://www.econbiz.de/10013250260
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On the wedge between the PPI and CPI inflation indicators
Wei, Shang-jin; Xie, Yinxi - 2022 - Last updated: January 26, 2022
While two strands of the literature suggest that PPI inflation, in addition to or instead of CPI inflation, should be a targeting variable in a monetary policy rule, the distinction between the two is only important when they do not co-move strongly. Our first contribution is to document that...
Persistent link: https://www.econbiz.de/10012807707
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The extensive margin of trade and monetary policy
Imura, Yuko; Shukayev, Malik - 2018
This paper studies the effects of monetary policy shocks on firms' participation in exporting. We develop a two-country dynamic stochastic general equilibrium model in which heterogeneous firms make forward-looking decisions on whether to participate in the export market and prices are staggered...
Persistent link: https://www.econbiz.de/10011878727