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Adjustment dynamics and business cycle heterogeneity in the EMU: Evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2019
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States … response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong … GDP growth differentials, and together with structural differences also contributed to differences in employment …
Persistent link: https://www.econbiz.de/10012099110
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Why Foreign Ownership May be Good for You
Kreickemeier, Udo; Egger, Hartmut - 2010
We develop a general equilibrium two-country model with heterogeneous producers, self-selection of only the most productive firms into multinational activity and rent sharing at the firm level due to fairness preferences of workers. In this setting, we identify two major sources of a...
Persistent link: https://www.econbiz.de/10010270265
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Quo vadis Eurozone? A reappraisal of the real exchange rate criterion
Kolev, Galina - 2012
analysis applies the real exchange rate criterion to the Eastern enlargement of EMU and shows that giving up the nominal …
Persistent link: https://www.econbiz.de/10010310678
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Redistribution, Selection, and Trade
Kohl, Miriam - 2018
This paper examines the distributional effects of international trade in a general equilibrium model with heterogeneous agents and a welfare state redistributing income. The redistribution scheme is financed by a progressive income tax and gives the same absolute transfer to all individuals....
Persistent link: https://www.econbiz.de/10011892043
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Robots Worldwide: The Impact of Automation on Employment and Trade
Carbonero, Francesco; Ernst, Ekkehard; Weber, Enzo - 2020
The impact of robots on employment and trade is a highly discussed topic in the academic and public debates … advantage. We provide evidence on the effects of robots on worldwide employment, including emerging economies. To instrument the …. Robots turn out to have a significantly negative impact on worldwide employment. While it is small in developed countries …
Persistent link: https://www.econbiz.de/10012287890
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Does Economic Sanction Work? The Case of North Korea
Oh, Jinhwan - 2010
Based on the gravity model of international trade, this paper initially analyzes North Korea's international trade pattern, which tends to follow the prediction of the gravity model: a positive relationship between trade and trading partners' GDP, and negative relationship between trade and...
Persistent link: https://www.econbiz.de/10011332441
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Coordination cost and the distance puzzle
Noblet, Sandrine; Belgodere, Antoine - 2010
The distance puzzle has been wildly discussed in the literature since Leamer and Levinsohn (1995) shed the light on it. This puzzle simply says that "the world is not getting smaller": distance still matters to account for trade. This is reflected in a decreasing distance of trade (DOT), or in a...
Persistent link: https://www.econbiz.de/10011332483
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Changing Language Skills and Trade in Europe
Rindler, Michael - 2021
I investigate the effect of changing language skills on trade using an unique panel data set on spoken language. It tracks over thirty, mostly European, countries from the mid-90s to the beginning of the 2010s. In this period, European countries have witnessed an advancing trade integration and...
Persistent link: https://www.econbiz.de/10012623195
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Monetary Integration in Europe in the Function of Fostering International Business
Šapić, Srđan; Furtula, Srđan - 2015
Through joining the European Economic and Monetary Union a heterogeneous influence of member states cannot be avoided but all countries follow the logic of the economic benefits of unification. Besides reducing transaction costs, greater transparency in prices and the elimination of the...
Persistent link: https://www.econbiz.de/10011920298
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The Dutch Disease Syndrome Side Effects in Manufacturing Employment: A VAR Analysis of the Azerbaijan Economy
Niftiyev, Ibrahim - 2022
gain a high share of output, employment, and exports due to the increase in the real effective exchange rate (REER) and …, the effects of resource movement were examined using manufacturing employment with a standard unrestricted vector … manufacturing employment responds positively to mining employment. However, when employment in the service sector increases …
Persistent link: https://www.econbiz.de/10013464619