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作者：Eden, Benjamin
作者单位：Vanderbilt University
摘要：This paper studies the choice of tariffs and other type of consumption taxes and subsidies in a flexible price version of the Prescott [Prescott, Edward C., 1975. Efficiency of the Natural Rate. journal of Political Economy 83,1229-1236.] hotels model. It is shown that a country with unstable demand may benefit from a tariff on imports. More surprisingly, the exporting country may also benefit from the tariff. In general, I consider the problem of a world planner who chooses country specific c...
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作者：Klimenko, Mikhail M.
作者单位：University System of Georgia; Georgia Institute of Technology
摘要：The paper considers a country (home) in which consumers have heterogeneous preferences over ex ante incompatible domestic and imported products and benefit from a network externality. We analyze the cases with trade under perfect competition and the international duopoly, in which both governments strategically use policies toward compatibility but cannot use conventional trade policies. In both cases, the equilibrium outcome of the non-cooperative game depends upon the strength of the network...
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作者：Kuhn, Peter; McAusland, Carol
作者单位：University System of Maryland; University of Maryland College Park; University of California System; University of California Santa Barbara; National Bureau of Economic Research
摘要：We consider the welfare effects of skilled worker emigration in a context where skilled labor plays a role in product or process design. We show such emigration can benefit the residents left behind, even when consumers' tastes exhibit a form of home bias. This is because emigration improves the design of goods designed by skilled emigrants but consumed in the sending country. In contrast to existing models of beneficial brain drain, our results do not require agglomeration economies, educatio...
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作者：Manasse, Paolo; Roubini, Nouriel
作者单位：University of Bologna; New York University
摘要：This paper investigates the economic and political conditions that are associated to the occurrence of a sovereign debt crisis. We use a new statistical approach (Classification and Regression Tree) that allows us to derive a collection of rules of thumb that help identify the typical characteristics of defaulters. We find that not all crises are equal: they differ depending on whether the government faces insolvency, illiquidity or various macroeconomic risks. We also characterize the set of ...
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作者：Molodtsova, Tanya; Papell, David H.
作者单位：University of Houston System; University of Houston; Emory University
摘要：An extensive literature that studied the performance of empirical exchange rate models following Meese and Rogoffs [Meese, R.A., Rogoff, K., 1983a, Empirical Exchange Rate Models of the Seventies: Do They Fit Out of Sample? journal of International Economics 14,3-24.] seminal paper has not convincingly found evidence of out-of-sample exchange rate predictability This paper extends the conventional set of models of exchange rate determination by investigating predictability of models that incor...
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作者：Costinot, Arnaud
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：This paper proposes a simple theory of international trade with endogenous productivity differences across countries. The core of our analysis lies in the determinants of the division of labor. We consider a world economy comprising two large countries, with a continuum of goods and one factor of production, labor. Each good is characterized by its complexity, defined as the number of tasks that must be performed to produce one unit, There are increasing returns to scale in the performance of ...
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作者：Gust, Christopher; Leduc, Sylvain; Sheets, Nathan
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; Federal Reserve System - USA; Federal Reserve Bank - San Francisco
摘要：This paper assesses whether partial exchange-rate pass-through to trade prices has important implications for the prospective adjustment of global external imbalances. To address this question, we develop and estimate an open-economy DSCE model in which pass-through is incomplete due to the presence of local currency pricing, distribution services, and a variable demand elasticity that leads to fluctuations in optimal markups. We find that the overall magnitude of trade adjustment is similar i...
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作者：Kim, Soyoung; Roubini, Nouriel
作者单位：Korea University; New York University
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作者：Aldashev, Gani; Verdier, Thierry
作者单位：University of Namur; University of Southampton
摘要：Why are many large non-governmental organizations (NGOs) becoming multinational entities? What are the welfare implications of this integration of markets for development donations? To answer these questions, we build a simple two-country model with horizontally differentiated NGOs competing in fundraising. We find that NGCs become multinational if the economies of scale in fundraising are sufficiently large. In that case, national NGOs in the smaller country disappear, while some national NGO...
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作者：Bastos, Paulo; Kreickemeier, Udo
作者单位：University of Nottingham
摘要：We develop a two-country, multi-sector model of oligopoly in which unionised and non-unionised sectors interact in general equilibrium. The model is used to study the impact of trade liberalisation, deunionisation and firm entry on wages in unionised and non-unionised sectors, and on welfare. We find that a shift from autarky to free trade increases non-union wages and welfare, whereas the effect oil union wages is ambiguous. We also show that partial deunionisation leads to higher wages in bo...
