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In this chapter, we provide an overview of the relationship between international migration and international trade as well as capital movements. We start out by identifying key issues through a brief comparison between modern migration and the mass migration of the nineteenth century, followed...
Persistent link: https://www.econbiz.de/10014025432
technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …-enhancing potential. -- migration ; international trade ; capital movements ; capital formation ; globalization …
Persistent link: https://www.econbiz.de/10009663906
technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …
Persistent link: https://www.econbiz.de/10013098128
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality, and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable inherent tensions in evaluating the risks and benefits associated with financial globalization. In the light of these …
Persistent link: https://www.econbiz.de/10014025737
This paper attempts to borrow the tradition of estimating policy reaction functions in monetary policy literature and apply it to capital controls policy literature. Using a novel weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 to 31...
Persistent link: https://www.econbiz.de/10012943804
economic and financial conditions but by conditions in the rest of the world. We then estimate the response to an exogenous …
Persistent link: https://www.econbiz.de/10013031696
This paper attempts to bring the tradition of estimating policy reaction functions from monetary policy literature to capital controls policy literature. Using a novel, weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 – 31 December 2015,...
Persistent link: https://www.econbiz.de/10012947417
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10012956518
Greater openness has become an almost universal feature of modern, developed economies. This paper develops a workhorse international model, and explores the role of standard monetary policy rules applied to an open economy. For this purpose, I build a two-country DSGE model with monopolistic...
Persistent link: https://www.econbiz.de/10012720386
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10011772161