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countries. The dissertation is especially focused on identifying the causal impact of international trade on workers' mobility …-industry trade (IIT) expansion and associated worker flows, taking the latter as an indicator of labor-market adjustment costs. Being … than inter-industry trade expansion. The study therefore lends support to the use of IIT indices as first-pass proxies for …
Persistent link: https://www.econbiz.de/10011954057
This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … studies the impact of trade on wages and worker training. Wages and training fell for workers employed in sectors where the …
Persistent link: https://www.econbiz.de/10012022416
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Expectations of Sterling returning to Gold have been disregarded in empirical work on the US dollar - Sterling exchange rate in the early 1920s. We incorporate such considerations in a PPP model of the exchange rate, letting the probability of a return to gold follow a logistic function. We draw...
Persistent link: https://www.econbiz.de/10011336495
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We study domestic and international drivers of long-term interest rates using newly compiled financial market data for Switzerland starting in 1852. We use a time-varying parameter vector autoregressive model to estimate long-term trends in nominal interest rates, exchange rate growth, and...
Persistent link: https://www.econbiz.de/10013175583
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This paper uses a "trendy" approach to understand UK inflation dynamics. It focuses on the time series to isolate a low-frequency and slow-moving component of inflation (the trend) from deviations around this trend. We find that this slow-moving trend explains a substantial share of UK inflation...
Persistent link: https://www.econbiz.de/10011664348