Journal of International Economics

最新文章

• The wind of the hundred days: How Washington mismanaged globalization AI翻译
  作者：Baldwin, RE
  作者单位：University of Wisconsin System; University of Wisconsin Madison
• Labor-market adjustment in open economies - Evidence from US states AI翻译
  作者：Hanson, GH; Slaughter, MJ
  作者单位：University of California System; University of California San Diego; National Bureau of Economic Research; University of California System; University of California San Diego; Dartmouth College; Dartmouth College; National Bureau of Economic Research
  摘要：In this paper we analyze whether regional economic integration across US states conditions local labor-market adjustment. We examine the mechanisms through which states absorb changes in labor supplies and whether industry production techniques are similar across states. There are two main findings. Firstly, states absorb changes in employment primarily through changes in production techniques that are common across states and through changes in the output of traded goods, with the former mech...
• Coalition formation in international monetary policy games AI翻译
  作者：Kohler, M
  作者单位：Bank of England
  摘要：This paper analyses coalition formation in monetary policy coordination games between n countries. We show that some but not all countries may join if the decision to be a member of the coalition is incentive-compatible for the individual country. Positive spillovers of the coalition formation process and the resulting free-rider problem limit the stable coalition size: since the coalition members are bound by the union's discipline, an outsider can successfully export inflation without fearin...
• Strategic trade policy with endogenous choice of quality and asymmetric costs AI翻译
  作者：Zhou, DS; Spencer, BJ; Vertinsky, I
  作者单位：University of British Columbia; City University of Hong Kong; University of British Columbia
  摘要：This paper examines strategic trade and joint welfare maximizing incentives towards investment in the quality of exports by an LDC and a developed country. Firms first compete in qualities and then export to an imperfectly competitive, third country market. Under Bertrand competition, unilateral policy involves an investment subsidy by the low-quality LDC and an investment tax by the developed country, whereas jointly optimal policy calls for the reverse so as to reduce price competition by in...
• Coordination of speculation AI翻译
  作者：Botman, DPJ; Jager, H
  作者单位：University of Amsterdam; Tinbergen Institute
  摘要：We extend the models of Krugman [Journal of Money, Credit and Banking, 11 (1979) 311] and Flood and Garber [Journal of International Economics, 17 (1984) 1] on balance of payments crises to a multi-country setting such that coordination among speculators is important for a focal point to emerge, The moment of successful coordination when the currency is devalued is shown to depend on initial beliefs, the degree of imperfect communication, the rate of domestic credit creation, and the number of...
• The spatial economy, cities, region and international trade AI翻译
  作者：Davis, D
  作者单位：Columbia University
• Second moments in speculative attack models: panel evidence AI翻译
  作者：Galindo, AJ; Maloney, WF
  作者单位：The World Bank; Inter-American Development Bank
  摘要：The paper tests two popular asset-based models of speculative attacks and in particular, their emphasis on the second moments of monetary aggregates. Analyzing monthly panels of appropriate countries in three regions, it finds evidence for the importance of money/reserve ratios predicted by both models, as well as the variance of the ratio of M2 to reserves. (C) 2002 Elsevier Science B.V. All rights reserved.
• Trade and foreign direct investment in China: a political economy approach AI翻译
  作者：Branstetter, LG; Feenstra, RC
  作者单位：University of California System; University of California Davis; Columbia University; National Bureau of Economic Research
  摘要：We view the political process in China as trading off the social benefits of increased trade and foreign direct investment against the losses incurred by state-owned enterprises due to such liberalization. A model drawing on Grossman and Helpman [Am. Econ. Rev. 84 (1994) 833; The Political Economy of Trade Policy: Papers in Honor of Jagdish Bhagwati, MIT Press, Cambridge (1996) 199] is used to derive an empirically estimable government objective function. The key structural parameters - of thi...
• Offshore production and skill upgrading by Japanese manufacturing firms AI翻译
  作者：Head, K; Ries, J
  作者单位：University of British Columbia
  摘要：We investigate the influence of offshore production by Japanese multinationals on domestic skill intensity. Identifying relationships based on within variation in a panel of 1070 firms, we find that additional foreign affiliate employment in low-income countries raises skill intensity. The positive effect of FDI on domestic skill intensity, however, diminishes as investment shifts towards high-income countries. Increases in affiliate employment in low-income countries also raise a firm's relia...
• Fiscal aspects of European Monetary integration AI翻译
  作者：Chang, R
  作者单位：Rutgers University System; Rutgers University New Brunswick