Results 131 to 140 of about 74,238 (290)
Analytical notes on the Balassa-Samuelson effect
PSL Quarterly Review, 2003 The oft invoked Balassa-Samuelson effect, whereby the movements of prices for non-tradable goods relative to those for tradable goods reflect the movements of relative labour productivities, is customarily derived from a standard neo-classical model with
Leon Podkaminer
doaj
Dutch disease, unemployment and structural change
Economic Inquiry, EarlyView.Abstract We find that Dutch disease effects on unemployment are small even in a commodity‐rich economy like Australia. Using an estimated open‐economy model with frictional unemployment, we quantify how business‐cycle shocks and structural changes shape aggregate unemployment.
Mariano Kulish +3 more
wiley +1 more source
Jobs and Exposure to International Trade within the Service Sector in Sweden [PDF]
The service sector is very heterogeneous with respect to internationalization; in some industries there is international trade (or it may potentially exist), whereas other industries are non-tradable.
Eliasson, Kent +2 more
core +1 more source
Latin American Journal of Central BankingSupply-chain bottlenecks emerged alongside unprecedented inflationary surges amid the resulting mismatches in supply and demand for goods and services throughout the COVID-19 pandemic.
Reizle Jade C. Platitas +1 more
doaj +1 more source
The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit
European Financial Management, EarlyView.ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato +2 more
wiley +1 more source
Some Economic Results of the Civilizing Mission [PDF]
This paper proposes three tasks. It briefly delineates the character of the civilizing mission and the interests it served, especially the colonization of Asia and Africa.
Alam, M. Shahid
core +1 more source
How Does Progressivity Affect the Tax Cut Multiplier?
International Economic Review, EarlyView.ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley +1 more source
Which Sectors Make the Poor Countries so Unproductive? [PDF]
Standard growth accounting exercises find large cross-country differences in aggregate TFP. Here we ask whether specific sectors are driving these differences, and, if this is the case, which these problem sectors are.
Akos Valentinyi, Berthold Herrendorf
core
When the Fed Sneezes, What Stock Market Catches the Cold?
International Finance, EarlyView.ABSTRACT This paper identifies three indicators of monetary policy surprises—unexpected changes in the federal funds rate, forward guidance and large‐scale asset purchases—and examines their effects on international stock prices using an intraday event study approach.
Carlo Rosa
wiley +1 more source
Demand Shocks, Export Diversification, and Firm Performance During the Great Trade Collapse
Journal of Economics &Management Strategy, EarlyView.ABSTRACT This paper analyzes the impact of external demand shocks from the 2008 to 2009 Great Trade Collapse on the performance of Chinese exporters and examines how export diversification mitigates these effects. Using Chinese Customs data merged with financial data from all listed Chinese firms, we construct firm‐specific demand shocks based on pre ...
Qianlin Hong +3 more
wiley +1 more source