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International shocks and domestic prices : how large are strategic complementarities?

Amiti, Mari; Itskhoki, Oleg; Konings, Jozef - 2016

How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...

Persistent link: https://www.econbiz.de/10011584149

Trade and Capital Flows : A Financial Frictions Perspective

Antras, Pol; Caballero, Ricardo J. - 2008

in a world with heterogeneous financial development, the classic conclusion does not hold. In particular, in less …

Persistent link: https://www.econbiz.de/10014219454

Measurement of Global Value Chain (GVC) Participation in World Development Report 2020

Dutta, Sourish - 2021

As we can understand with the spread of GVCs, a lot of new questions emerge regarding the measurement of participation … and positioning in the globalised production process. The World Development Report (WDR) 2020 explains the GVC phenomenon … and then focus on participation and the prospects especially in a world of change in technology. From the overview section …

Persistent link: https://www.econbiz.de/10013244564

Globalization, Inequality, and Corruption

Badinger, Harald; Nindl, Elisabeth - Vienna University of Economics and Business, Department … - 2012

role of inequality is accounted for, the impact of globalization on corruption is halved. In line with recent theory, this …This paper presents new empirical evidence on the determinants of corruption, focussing on the role of globalization … natural resource rents increase corruption. ii) Globalization (in terms of both trade and financial openness) has a negative …

Persistent link: https://www.econbiz.de/10010545765

Estimating the border effect : some new evidence

Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai - 2009

To what extent do national borders and national currencies impose costs that segment markets across countries? To answer this question the authors use a dataset with product-level retail prices and wholesale costs for a large grocery chain with stores in the United States and Canada. They...

Persistent link: https://www.econbiz.de/10003879148

Estimating the Border Effect : Some New Evidence

Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-tai - 2009

Persistent link: https://www.econbiz.de/10014203911

Competitiveness at the Country-Sector Level : New Measures Based on Global Value Chains

Marczak, Martyna - 2018

rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on changes in cost …

Persistent link: https://www.econbiz.de/10012919512

In search of real rigidities

Gopinath, Gita; Itskhoki, Oleg - 2010

The closed and open economy literatures both work on evaluating the role of real rigidities, but in parallel. This paper brings the two literatures together. We use international price data and exchange rate shocks to evaluate the importance of real rigidities in price setting. We show that,...

Persistent link: https://www.econbiz.de/10010280896

International shocks and domestic prices: How large are strategic complementarities?

Amiti, Mari; Itskhoki, Oleg; Konings, Jozef - 2016

Persistent link: https://www.econbiz.de/10011506815

Global value chains and effective exchange rates at the country-sector level

Patel, Nikhil; Wang, Zhi; Wei, Shang-jin - 2017

The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...

Persistent link: https://www.econbiz.de/10011944183