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作者：Conconi, P
作者单位：University of Warwick; University of Warwick; UK Research & Innovation (UKRI); Economic & Social Research Council (ESRC)
摘要：We employ a common agency model of policy making to examine how green lobbies affect the determination of trade and environmental policies in two large countries that are linked by trade flows and transboundary pollution. We show that the impact of green lobbying on environmental policy outcomes depends crucially on the prevailing trade regime-cooperative or non-cooperative-on whether environmental agencies act in a unilateral or coordinated manner, and on the size of the emission leakages and...
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作者：Schiff, M; Chang, W
作者单位：The World Bank; United States Department of the Treasury
摘要：This paper examines the impact of market presence and contestability on the price behavior of US exporters in Brazil's market when MERCOSUR and MFN trade liberalization take place. Using detailed panel data on trade and tariff rates, we find that both the preferred supplier's market presence and threat of entry lower (raise) the US price reaction to MFN (preferential) trade liberalization, with similar quantitative effects. Thus, presence in, or threat of entry into, partners' markets implies ...
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作者：Blonigen, BA; Bown, CP
作者单位：Brandeis University; University of Oregon
摘要：We propose and test two ways in which retaliation threats may dampen the antidumping (AD) activity we observe. First, the threat of retaliatory AD actions may make a domestic industry less likely to name a foreign import source in an AD petition. Second, the prospect of a GATT/WTO trade dispute may make government agencies less likely to rule positive in their AD decision. Using a nested logit framework, we find evidence that both retaliation threats substantially affect US AD activity from 19...
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作者：Kim, S
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：The structural VAR model is developed to jointly analyze the effects of foreign exchange intervention and (money or interest rate setting) conventional monetary policy on the exchange rate, the two types of policy reactions to the exchange rate, and interactions between the two types of policies. First, many interactions among the two types of policies and the exchange rate are found, which suggests that a joint analysis is important. Second, foreign exchange intervention has substantial effec...
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作者：Engel, C; Rogers, JH; Rose, AK
作者单位：University of Wisconsin System; University of Wisconsin Madison; Federal Reserve System - USA; University of California System; University of California Berkeley
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作者：Dominguez, KM
作者单位：University of Michigan System; University of Michigan
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作者：Rigobon, R
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：The empirical literature on 'contagion' focuses mainly on two questions: (1) what are the channels through which shocks are transmitted across countries, trade, macro similarities, financial weaknesses, or investor behavior? (2) Is there a shift in the transmission of shocks during crises? Are crises spread with higher intensity? If so, why? This paper concentrates on the econometric problems that arise in dealing with the second question. The data where most of these issues are raised are pla...
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作者：Solomon, R
作者单位：Brookings Institution
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作者：Clarida, RH; Sarno, L; Taylor, MP; Valente, G
作者单位：University of Warwick; Columbia University; National Bureau of Economic Research; Centre for Economic Policy Research - UK
摘要：A large literature suggests that standard exchange rate models cannot outperform a random walk forecast and that the forward rate is not an optimal predictor of the spot rate. However, there is evidence that the term structure of forward premia contains valuable information for forecasting future spot exchange rates and that exchange rate dynamics display nonlinearities. This paper proposes a term-structure forecasting model of exchange rates based on a regime-switching vector equilibrium corr...
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作者：Ederington, J; McCalman, P
作者单位：University of Miami; University of California System; University of California Santa Cruz
摘要：Recent research has highlighted the efficiency of the MFN principle within the GATT/WTO structure. This paper analyzes the exception made to MFN within Article XXIII that allows discriminatory punishment for deviations from the agreement. We argue that, in the absence of collusion, the MFN exception reduces the severity of punishment and thus lowers the level of cooperation that can be achieved by the agreement. However, discriminatory punishment may still be beneficial as we show that it redu...
