Showing 91 - 100 of 64,459
This paper presents a new measure of aggregate trade restrictions (MATR) using data from the International Monetary … of trade restrictiveness but is more comprehensive in terms of country and time coverage. It is available for an … unbalanced sample of up to 157 countries during 1949-2019. We use MATR to re-examine how trade restrictiveness varies with the …
Persistent link: https://www.econbiz.de/10014316167
existing studies, which are mainly devoted to the impact of reduced trade flows on the key macroeconomic indicators, we focus … on the specific market of textile products, which was among the most affected by the protectionism measures. The … the ongoing trade war has not only adversely affected the macroeconomic fundamentals of the US economy, but it is also …
Persistent link: https://www.econbiz.de/10014339778
We develop a two-sector DSGE model with financial intermediation to investigate the role of news as a driving force of the business cycle. We find that news about future capital quality is a significant source of aggregate fluctuations, accounting for around 37% in output variation in cyclical...
Persistent link: https://www.econbiz.de/10009325616
remaining share of the global trade slowdown, not explained by demand factors. Protectionism does not come up as statistically …Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre …) A debate has arisen as to whether this global trade slowdown, and related falling trade-to-income elasticity, was …
Persistent link: https://www.econbiz.de/10011636635
integrate in world trade. The paper uses a combination of techniques, from an analysis of disaggregated trade flows by country … and sectors, to the calculation of trade intensity indices by country and sector, and value-added trade by sector. It … finds combined evidence of forward and backward trade increasing between several neighbouring Asian economies and China, in …
Persistent link: https://www.econbiz.de/10011931944
remaining share of the global trade slowdown, not explained by demand factors. Protectionism does not come up as statistically …Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre …) A debate has arisen as to whether this global trade slowdown, and related falling trade-to-income elasticity, was …
Persistent link: https://www.econbiz.de/10011931978
, inter alia, by the IMF (2016) and by us (2017), with a view to explaining the "missing" trade flows unpredicted by GDP …-based import models during the trade collapse of 2009 and subsequent recovery from it. At the time, it appeared that the …/global imports, over entire economy cycles (a phase of trade expansion, a sudden collapse and a recovery). Moreover, by weighting …
Persistent link: https://www.econbiz.de/10013203459
Growth and business cycles have a long tradition of being studied separately. However, events such as the Great Recession raise concerns that severe downturns may have detrimental implications for growth. If so, what policies may help alleviate such long-lasting effects of large recessions? To...
Persistent link: https://www.econbiz.de/10012802790
integrate in world trade. The paper uses a combination of techniques, from an analysis of disaggregated trade flows by country … and sectors, to the calculation of trade intensity indices by country and sector, and value-added trade by sector. It … finds combined evidence of forward and backward trade increasing between several neighbouring Asian economies and China, in …
Persistent link: https://www.econbiz.de/10011813118
In the global recession of 2009, exports declined precipitously in many countries. We illustrate with firm-level data for Belgium and Peru that the decline was very sudden and almost entirely due to lower export sales by existing exporters. After the recession, exports rebounded almost equally...
Persistent link: https://www.econbiz.de/10011506811