Using a trade in task model that extends the one of Ottaviano, Peri, and Wright (2010) to three coun- tries, we study the effects of immigration and offshoring costs on employment. Tasks can be performed by migrants, offshore workers or natives, with sorting along a continuum of task determined...

Technology transfer is not an explicit objective of the Clean Development Mechanism (CDM). It however constitutes a potential co-benefit by helping to improve living conditions in developing countries. Understanding the drivers and barriers of technology transfer in CDM projects is therefore...

This paper investigates the empirical specification of the Taylor Rule. Building on the New Keynesian paradigm, we derive a general nonlinear specification for the optimal policy rule that nests the standard linear Taylor Rule as a particular case. Using a novel semi-parametric modeling...

This paper provides evidence that the reduction in the MFN tariff resulting from a decrease in the preferential tariff is three times higher in high-tariff members of preferential trade agreements (PTAs) than in low tariff partners. This result lends support to the "building block" view of...

This paper tests the existence of a risk premium in the one-month and three-month forward exchange markets.

In an endogenous tariff setting, the entry of foreign-owned capital has ambiguous effects on the level of protection. In the presence of trade-promoting and trade-neutral foreign capital, lobbying pressures for a higher tariff are lower whereas if foreign capital is trade-substituting,...