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作者：Boulhol, Herve
作者单位：heSam Universite; Universite Pantheon-Sorbonne
摘要：Over the past decades, product market deregulation has typically preceded labor market reforms in OECD countries. Ibis paper incorporates labor market rigidities in a model of footloose capital in order to study how globalization might affect the trade-offs generated by labor market regulation and put pressure on labor market institutions. In this two-sector model, globalization ultimately reduces labor market rigidities through either one of two channels: capital mobility triggers a re-alloca...
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作者：Opp, Marcus M.; Sonnenschein, Hugo F.; Tombazos, Christis G.
作者单位：University of Chicago; University of California System; University of California Berkeley; Monash University
摘要：We demonstrate that Rybczynski's classic comparative statics can be reversed in a Heckscher-Ohlin world when preferences in each country favor the exported commodity. This taste bias has empirical support. An increase in the endowment of a factor of production can lead to an absolute curtailment in the production of the commodity using that factor intensively, and an absolute expansion of the commodity using relatively little of the same factor. This outcome - which we call Reverse Rybczynski ...
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作者：Enders, Zeno; Mueller, Gernot J.
作者单位：University of Bonn
摘要：Using vector autoregressions on U.S. time series and an aggregate of industrialized countries, we find that technology shocks appreciate the terms of trade and lower the trade balance; they induce an 'S'-shaped cross-correlation function for both variables (the S-curve). In calibrating a prototypical international business cycle model under complete and incomplete financial markets, we find two distinct sets of parameter values. While both model specifications deliver the S-curve, the underlyi...
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作者：Mejean, Isabelle; Schwellnus, Cyrille
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; Organisation for Economic Co-operation & Development (OECD); Organisation for Economic Co-operation & Development (OECD)
摘要：In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration 'experiment' and firm-level data on export prices to distinguish between two possible margins of adjustment: At the intensive margin economic integration induces different pricing strategies within the firm, whereas at the extensive margin it affects the composition of firms with different pricing stra...
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作者：Chernyshoff, Natalia; Jacks, David S.; Taylor, Alan M.
作者单位：University of California System; University of California Davis; University of California System; University of California Irvine; Simon Fraser University; National Bureau of Economic Research
摘要：Did the gold standard diminish macroeconomic volatility? Supporters thought so, critics thought not, and theory offers ambiguous messages, Hard regimes like the gold standard limit monetary shocks by tying policymakers' hands: but exchange-rate inflexibility compromises shock absorption in a world of real disturbances and nominal stickiness. A model shows how lack of flexibility affects the transmission of terms-of-trade shocks. Evidence from the late nineteenth and early twentieth century exp...
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作者：Sener, Fuat; Zhao, Laixun
作者单位：Kobe University; Union College
摘要：This paper constructs a dynamic scale-free North-South model of trade with endogenous innovation. In the North a local-sourcing-targeted race and an outsourcing-targeted R&D race take place simultaneously within each industry. The former results in the winner firm manufacturing in the North, while the latter culminates in the winner firm's immediate outsourcing to the South, generating the iPod cycle. We study three aspects of globalization: reductions in the resource-requirement in outsourcin...
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作者：Behrens, Kristian; Lamorgese, Andrea R.; Ottaviano, Gianmarco I. P.; Tabuchi, Takatoshi
作者单位：Bocconi University; University of Quebec; University of Quebec Montreal; University of Tokyo; Bocconi University; Universite Catholique Louvain
摘要：The standard two-country model of international trade with monopolistic competition predicts a more-than-proportional relationship between a country's share of world production of a good and its share of world demand for that same good, a result known as the 'home market effect'. We first show that this prediction does not generally carry through to the multi-country case, as production patterns are crucially affected by third country effects. We then derive an alternative prediction that hold...
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作者：Eckel, Carsten; Egger, Hartmut
作者单位：University of Bayreuth; Otto Friedrich University Bamberg
摘要：We set up a general equilibrium model with heterogeneous firms to study the interaction between wage bargaining and foreign direct investment Thereby, we highlight the incentives of firms to invest abroad in order to improve their bargaining position vis-A-vis local unions and we show how changes in the bargaining power of unions affect the share of multinational firms in an open economy. In addition, taking into account this relationship between wage bargaining and foreign direct investment, ...
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作者：Landry, Anthony
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Dallas
摘要：This paper presents a two-country DSGE model with state-dependent pricing as in Dotsey et al. [Dotsey, M., King, R.G., and Wolman, A.L, 1999. State-dependent pricing and the general equilibrium dynamics of money and output. Quarterly journal of Economics 114, 655-690] and variable demand elasticity as in Kimball [Kimball, M.S., 1995. The quantitative analytics of the basis neomonetarist model. journal of Money, Credit, and Banking 27, 1241-1277]. Following a domestic monetary expansion, the mo...
