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作者：Choi, Yo Chul; Hummels, David; Xiang, Chong
作者单位：Purdue University System; Purdue University; Bank of Korea
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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：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：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, ...
