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This paper estimates a business cycle model with endogenous firm entry by matching impulse responses to a monetary … entry may influence the monetary transmission process. Through the competition effect, the arrival of new entrants makes the … firm and product entry raises consumption utility and thereby lowers the cost of living. This implies higher markups and …
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This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
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This paper explores export spillovers that arise from foreign direct investment generated linkages between domestic and foreign firms in Turkish manufacturing industry. By making use of a recent firm level dataset, we investigate how supplying to foreign affiliated firms, as proxied by their...
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In this paper, we investigate the relationship between export performance and economic growth in Russian regions. We propose a methodology for decomposition of export growth into intensive and extensive margins and distinguish between product- and geographic extensive components within extensive...
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