Showing 1 - 10 of 3,636
We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...
Persistent link: https://www.econbiz.de/10009683263
We analyze whether social distress from income comparisons affects attitudes towards the integration of economies. Using Germany’s division as natural experiment, we find that East Germans’ feelings of relative deprivation with respect to better-off West Germans led to significantly more...
Persistent link: https://www.econbiz.de/10011490387
This paper undertakes an evaluation of the Labour and Environment chapters of the TPP Agreement, with a view to … there would be only a small area of vulnerability to countermeasures arising from our labour laws and none due to the laws … on the environment. The paper does not recommend a change in our stance on keeping environment and labour out of …
Persistent link: https://www.econbiz.de/10011807879
This paper undertakes an evaluation of the Labour and Environment chapters of the TPP Agreement, with a view to … there would be only a small area of vulnerability to countermeasures arising from our labour laws and none due to the laws … on the environment. The paper does not recommend a change in our stance on keeping environment and labour out of …
Persistent link: https://www.econbiz.de/10011671000
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...
Persistent link: https://www.econbiz.de/10009422480
Persistent link: https://www.econbiz.de/10000900065
In this paper we investigate the contagion effect between stock markets of U.S and sixteen OECD countries due to Global Financial Crisis (2007-2009). We apply Dynamic Conditional Correlation GARCH model Engle (2002) to daily stock price data (2002-2009). In order to recognize the contagion...
Persistent link: https://www.econbiz.de/10010304806
We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...
Persistent link: https://www.econbiz.de/10010307706
The onset of the US credit crisis in 2008, and its rapid globalization induced the FED to extend unprecedented swap-lines of 30 billion dollars to four emerging markets, and the proliferation of other cross-countries selective swap arrangements. This paper explores the logic for these...
Persistent link: https://www.econbiz.de/10010287784
The onset of the US credit crisis in 2008, and its rapid globalization induced the FED to extend unprecedented swap-lines of 30 billion dollars to four emerging markets, and the proliferation of other cross-countries selective swap arrangements. This paper explores the logic for these...
Persistent link: https://www.econbiz.de/10010288132