A r t i c l e s
... on a model of how countries compete with each other, for measuring how different currencies indirectly affect the New Zealand price level, and present the results of calculations that use this methodology with New Zealand data. Section ...
... on a model of how countries compete with each other, for measuring how different currencies indirectly affect the New Zealand price level, and present the results of calculations that use this methodology with New Zealand data. Section ...
Capital controls: a normative analysis preliminary and incomplete
... when the trade elasticity is high. When this elasticity is low, policy should aim at enhancing exchange rate ‡exibility. But such policy interventions, although optimal from the individual country point of view, critically limit cross-border pooling of risk. In fact, greater risk-sharing would call ...
... when the trade elasticity is high. When this elasticity is low, policy should aim at enhancing exchange rate ‡exibility. But such policy interventions, although optimal from the individual country point of view, critically limit cross-border pooling of risk. In fact, greater risk-sharing would call ...
The impact of trade finance on international trade
... Kee et al., 2010; Eaton et al., 2010; Levchenko et al., 2010; Chor and Manova, 2011). Many of these studies, however, focus on how trade finance might have led to the large observed decreases in trade flows during the crisis. For example, Korinek et al. (2009) examined (pre- and post-crisis) the eff ...
... Kee et al., 2010; Eaton et al., 2010; Levchenko et al., 2010; Chor and Manova, 2011). Many of these studies, however, focus on how trade finance might have led to the large observed decreases in trade flows during the crisis. For example, Korinek et al. (2009) examined (pre- and post-crisis) the eff ...
Principles of Macroeconomics, Case/Fair/Oster, 10e
... A tariff of $1 increases the market price facing consumers from $2 per yard to $3 per yard. The government collects revenues equal to the gray shaded area in b. The loss of efficiency has two components. First, consumers must pay a higher price for goods that could be produced at lower cost. Second, ...
... A tariff of $1 increases the market price facing consumers from $2 per yard to $3 per yard. The government collects revenues equal to the gray shaded area in b. The loss of efficiency has two components. First, consumers must pay a higher price for goods that could be produced at lower cost. Second, ...
The new BIS effective exchange rate indices
... demand for these goods. Hence, the BIS estimates of the EERs may not sufficiently capture the exchange rate effects on relative demand or prices for products differentiated by type. This may not be a major concern if the economies compete in terms of a similar mix of manufactures (eg among advanced ...
... demand for these goods. Hence, the BIS estimates of the EERs may not sufficiently capture the exchange rate effects on relative demand or prices for products differentiated by type. This may not be a major concern if the economies compete in terms of a similar mix of manufactures (eg among advanced ...
Working Paper - Hans-Böckler
... globalization. According to structural Keynesian theory there is both a supply- and demand-side to the global imbalance problem. The supply-side reflects the new production paradigm that underlies neoliberal globalization. The demand-side reflects the Keynesian theory of hegemonic currencies (Palle ...
... globalization. According to structural Keynesian theory there is both a supply- and demand-side to the global imbalance problem. The supply-side reflects the new production paradigm that underlies neoliberal globalization. The demand-side reflects the Keynesian theory of hegemonic currencies (Palle ...
The theory of global imbalances: mainstream economics vs
... globalization. According to structural Keynesian theory there is both a supply- and demand-side dimension to the global imbalance problem. The supply-side reflects the new production paradigm that underlies neoliberal globalization. The demand-side reflects the Keynesian theory of hegemonic currenc ...
... globalization. According to structural Keynesian theory there is both a supply- and demand-side dimension to the global imbalance problem. The supply-side reflects the new production paradigm that underlies neoliberal globalization. The demand-side reflects the Keynesian theory of hegemonic currenc ...
Business, Science and Political Leaders Mark the 50th Anniversary
... "Business Roundtable CEOs know that U.S. leadership in science and technology is essential to economic growth, national security and a productive future for our nation," said John J. Castellani, president of ...
... "Business Roundtable CEOs know that U.S. leadership in science and technology is essential to economic growth, national security and a productive future for our nation," said John J. Castellani, president of ...
Trade Costs, 1870–2000 - University of Warwick
... of bilateral trade, total trade, and output data. Our baseline findings demonstrate that the average level of trade costs (expressed in tariffequivalent terms) between the United States, the United Kingdom, France, and 18 of their trading partners fell by 23 percent relative to their domestic trade ...
... of bilateral trade, total trade, and output data. Our baseline findings demonstrate that the average level of trade costs (expressed in tariffequivalent terms) between the United States, the United Kingdom, France, and 18 of their trading partners fell by 23 percent relative to their domestic trade ...
Vertically Integrated Unit Labour Costs by Sector: Mexico and USA 1970-2000
... If we can estimate the real exchange rate of any given country by the PPP theory, using price indexes for the home country and its trading partners, we can also do it for each and every sector of the home country’s economy, as long as they are compared to the same sectors of its trading partners’ ec ...
... If we can estimate the real exchange rate of any given country by the PPP theory, using price indexes for the home country and its trading partners, we can also do it for each and every sector of the home country’s economy, as long as they are compared to the same sectors of its trading partners’ ec ...
Chapter # 6
... Under the second rule, price of home exports will not change, and no change in price competitiveness of exports. But profit margins of home firms are squeezed, and will be at a relative disadvantage of foreign counterparts, since their access to internal finance for future investment , marketing, ...
... Under the second rule, price of home exports will not change, and no change in price competitiveness of exports. But profit margins of home firms are squeezed, and will be at a relative disadvantage of foreign counterparts, since their access to internal finance for future investment , marketing, ...
The new liberalism: Trade policy developments in
... in the 1980s has largely changed the face of the economic policy environment of the emerging markets in this last decade. In this paper, we identify the policy changes that have been taking place in the emerging economies since the late 1980's. We call these changes "the new liberalism", and they ar ...
... in the 1980s has largely changed the face of the economic policy environment of the emerging markets in this last decade. In this paper, we identify the policy changes that have been taking place in the emerging economies since the late 1980's. We call these changes "the new liberalism", and they ar ...
Document
... Conclusions • Globalization means many things: the flow of goods and services across borders, the movement of people and firms, the spread of culture and ideas among countries, and the tight integration of financial markets around the world. • Although it might seem as if such globalization is new, ...
... Conclusions • Globalization means many things: the flow of goods and services across borders, the movement of people and firms, the spread of culture and ideas among countries, and the tight integration of financial markets around the world. • Although it might seem as if such globalization is new, ...
Historia-COLOMBIA TRADE POLICY-version mar06
... ECLAC (The United Nations Economic Commission for Latin America and the Caribbean) between the fifties and sixties. This view contrasts with previous work of Latin American historiography and has also been questioned more recently by North-American authors (see Coatsworth and Williamson (2002), Clem ...
... ECLAC (The United Nations Economic Commission for Latin America and the Caribbean) between the fifties and sixties. This view contrasts with previous work of Latin American historiography and has also been questioned more recently by North-American authors (see Coatsworth and Williamson (2002), Clem ...
Unit 3: Imperialism and World War I
... the League of Nation and shifted its foreign policy to isolationism. In addition to the political disagreements over the Treaty of Versailles, the United States was facing serious domestic issues. With the war over, foreign demand for goods waned. This resulted in an economic recession and labor ten ...
... the League of Nation and shifted its foreign policy to isolationism. In addition to the political disagreements over the Treaty of Versailles, the United States was facing serious domestic issues. With the war over, foreign demand for goods waned. This resulted in an economic recession and labor ten ...
PDF
... bilateral trade (Table 2). The second set of changes calls for tariffs to be phased out over five years in equal annual installments of 20 percent. The goods in this group are from sectors requiring a period of adjustment and constitute about a third of bilateral trade subject to duties. All other t ...
... bilateral trade (Table 2). The second set of changes calls for tariffs to be phased out over five years in equal annual installments of 20 percent. The goods in this group are from sectors requiring a period of adjustment and constitute about a third of bilateral trade subject to duties. All other t ...
Financial Autarky and International Business Cycles
... International real business cycle models with complete markets (see, for example, Backus, Kehoe and Kydland [4]) have trouble accounting for at least three features of international data. Firstly, empirical cross-country consumption correlations are generally similar to cross-country output correlat ...
... International real business cycle models with complete markets (see, for example, Backus, Kehoe and Kydland [4]) have trouble accounting for at least three features of international data. Firstly, empirical cross-country consumption correlations are generally similar to cross-country output correlat ...
Development Benefits of PACER Plus for the Forum Island
... Objective: Reduce barriers to trade in services among the Parties; increase the participation of the FICs in regional/ international services trade. Main negotiating issues: Special and differential treatment of the FICs ; Scheduling Approach; Scope of the right to regulate; Technical assistance and ...
... Objective: Reduce barriers to trade in services among the Parties; increase the participation of the FICs in regional/ international services trade. Main negotiating issues: Special and differential treatment of the FICs ; Scheduling Approach; Scope of the right to regulate; Technical assistance and ...
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... exports. Increasing fractions of the value added content of exports seem to be coming from abroad indicating that trade in intermediaries is growing even faster than trade on average. Evidence for this is given by Ng and Yeats (2002). They show that between 1984 and 1996 East Asian imports and expor ...
... exports. Increasing fractions of the value added content of exports seem to be coming from abroad indicating that trade in intermediaries is growing even faster than trade on average. Evidence for this is given by Ng and Yeats (2002). They show that between 1984 and 1996 East Asian imports and expor ...
SUPPLEMENT/ANCILLARY TITLE
... stylish clothing. The CEO has decided to see what the opportunities are for exporting and has asked you for advice as to the steps the company should take. What advice would you give the CEO? Answer: This question is designed to stimulate classroom discussion and/or to encourage your students to “th ...
... stylish clothing. The CEO has decided to see what the opportunities are for exporting and has asked you for advice as to the steps the company should take. What advice would you give the CEO? Answer: This question is designed to stimulate classroom discussion and/or to encourage your students to “th ...
Real Exchange Rates and International Competitiveness
... a rise in demand for import substitutes as the prices of imports in domestic currency terms increases. The contractionary impact comes when higher value of payments on imported inputs reduces domestic income and demand through fall in propensity to consume or invest. Krugman and Taylor (1978) show t ...
... a rise in demand for import substitutes as the prices of imports in domestic currency terms increases. The contractionary impact comes when higher value of payments on imported inputs reduces domestic income and demand through fall in propensity to consume or invest. Krugman and Taylor (1978) show t ...
PDF
... trade liberalization. But, if the trade in service enhances the competitiveness in agricultural sector, then Korea government makes more efficient policy for agricultural producers. In this reason, we have to focus on the service liberalization effects on GDP of agriculture and food industries. But ...
... trade liberalization. But, if the trade in service enhances the competitiveness in agricultural sector, then Korea government makes more efficient policy for agricultural producers. In this reason, we have to focus on the service liberalization effects on GDP of agriculture and food industries. But ...
Determinants of Intra-Industry Trade between Zimbabwe and its
... attractive interest rates. The importation of capital goods could be made duty free, as has been done with agricultural equipment and machinery in the previous years. This has to be extended to other sectors as well to boost all sectors in the economy. Directed lending facilities by banks may help t ...
... attractive interest rates. The importation of capital goods could be made duty free, as has been done with agricultural equipment and machinery in the previous years. This has to be extended to other sectors as well to boost all sectors in the economy. Directed lending facilities by banks may help t ...
I. Chapter Overview
... and around the globe in order to stay relevant. Even very small firms may want to consider global opportunities p. 69 ...
... and around the globe in order to stay relevant. Even very small firms may want to consider global opportunities p. 69 ...
Slide 1
... finite-sample assumptions. “Initial” means that the observation is from 1980; the results correspond to cross-sectional estimates for 1980-2005. ...
... finite-sample assumptions. “Initial” means that the observation is from 1980; the results correspond to cross-sectional estimates for 1980-2005. ...