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A Theory of the Competitive Saving Motive
Du, Qingyuan - 2014
Motivated by recent empirical work, this paper formalizes a theory of competitive savings - an arms race in household …. Relative to the empirical work, the theory can clarify a number of important questions: What determines the strength of the … conditions under which aggregate savings would go up in response to a higher sex ratio? This theory can potentially help to …
Persistent link: https://www.econbiz.de/10013061582
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Death of Canadian Manufacturing Plants : Heterogeneous Responses to Changes in Tariffs and Real Exchange Rates
Baldwin, John R. - 2010
We examine the simultaneous effects of real-exchange-rate movements and of tariff reductions on plant death in Canadian manufacturing industries between 1979 and 1996. We find that both currency appreciation and tariff cuts increase the probability of plant death, but that tariff reductions have...
Persistent link: https://www.econbiz.de/10013143948
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Inflation Targeting Rules and Welfare in an Asymmetric Currency Area
Lombardo, Giovanni - 2007
This paper studies the effect on monetary policy of differing degrees of competition and differing degrees of nominal rigidity between the members of a monetary union. In particular, we assess the welfare loss brought about by the use of a simple interest rate rule that does not take into...
Persistent link: https://www.econbiz.de/10012776612
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Inflation Targeting Rules and Welfare in an Asymmetric Currency Area
Lombardo, Giovanni - 2016
This paper studies the effect on monetary policy of a non-homogeneous degree of competition across the (two) members of a monetary union. In particular, we assess the welfare loss brought about by the use of a simple interest rate rule that does not take into account such structural differences....
Persistent link: https://www.econbiz.de/10012991378
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The Welfare State and Competitiveness
Alesina, Alberto F.; Perotti, Roberto - 1998
In all industrial countries, fiscal policy is increasingly about redistribution. In this paper, we study redistribution across different types of agents in a world characterized by the presence of labor unions and distortionary taxation. We show that an increase in transfers financed by...
Persistent link: https://www.econbiz.de/10014063869
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A Unified Theory of Value : Oligopolistic Competition and Optimum Product Diversity
Cordoba, Juan Carlos; Liu, Xiying - 2023
We develop a tractable general equilibrium model of oligopolistic competition that allows for endogenous product differentiation and exhibits various forms of competition, ranging from perfect to monopolistic competition, simultaneously. Our unified framework provides a novel way to integrate...
Persistent link: https://www.econbiz.de/10014344991
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Services trade restrictiveness, mark-ups and competition
Rouzet, Dorothée; Spinelli, Francesca - 2016
This report explores the relationship between services trade policies and mark-ups at the firm level, taken as a measure of competitive pressure. Restrictive regulations are found to enable firms to charge higher mark-ups in a majority of services sectors, suggesting ample scope for...
Persistent link: https://www.econbiz.de/10011582091
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Inflation targeting rules and welfare in an asymmetric currency area
Lombardo, Giovanni - 2004
This paper studies the effect on monetary policy of a non-homogeneous degree of competition across the (two) members of a monetary union. In particular, we assess the welfare loss brought about by the use of a simple interest rate rule that does not take into account such structural differences....
Persistent link: https://www.econbiz.de/10010295631
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The Competitive Saving Motive : Concept, Evidence, and Implications
Wei, Shang-Jin - 2015
This short essay surveys recent literature on the competitive saving motive and its broader economic implications. The competitive saving motive is defined as saving to improve one's status relative to other competitors for dating and marriage partners. Here are some of the key results of the...
Persistent link: https://www.econbiz.de/10013009357
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Financial competitiveness, financial openness and bilateral foreign direct investment
Tan, Na; Wang, Wei; Yang, Jiaohui; Chang, Liang - In: Emerging markets, finance & trade : a journal of the … 55 (2019) 14, pp. 3349-3369
Persistent link: https://www.econbiz.de/10012211135