Title:Trade Interdependence and the International-Business Cycle
Author(s):CANOVA, Fabio; DELLAS, H.Date:1993Type of Publication:ArticleAbstract:A stochastic general equilibrium model of the world economy is developed to analyze the contribution of trade interdependence to international business cycles. We test some of the implications of the model using data from ...
Title:Trade Liberalization, Competition and Growth
Author(s):LICANDRO, Omar; NAVAS-RUIZ, AntonioDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The aim of this paper is to understand whether international trade ma
enhance innovation and growth through an increase in competition. We de
velop a two-country endogenous growth model, both countries producing th
same ...
Title:Trade Liberalization, Firm Selection, and Variety Growth
Author(s):AGUR, ItaiDate:2010Type of Publication:ArticleAbstract:Recent empirical findings indicate that when trade is liberalized both firm selection takes place and product variety increases. Each of these two stylized facts has its own seminal theory. But how can they arise together? ...
Title:Trade Liberalization, Offshoring and Firm Heterogeneity
Author(s):REBEYROL, VincentDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper analyses the impact of trade liberalization in a model where heterogeneous firms can freely offshore their production. Firms choose whether to produce, and if so whether to sell on the domestic market only or ...
Title:Trade, FDI, and the organization of firm
Author(s):HELPMAN, ElhananDate:2005Type of Publication:OtherSeries/Report no.:European Investment Bank Lectures (EIB) Lecture Series
Title:Transboundary Air-Pollution in Europe - An Interactive Multicriteria Tradeoff Analysis
Author(s):STAM, Antonie; KUULA, Markku; CESAR, Herman S. J.Date:1992Type of Publication:ArticleAbstract:In this paper, the acid rain problem in Europe is discussed, stressing the transboundary tradeoffs between abatement costs of sulphur emission reduction and corresponding deposition levels in the different countries. An ...
Title:The Transmission Mechanism in a Changing World
Author(s):ARTIS, Michael J.; GALVAO, Ana Beatriz C.; MARCELLINO, MassimilianoDate:2003Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:The Transmission Mechanism in a Changing World
Author(s):ARTIS, Michael J.; GALVAO, Ana Beatriz C.; MARCELLINO, MassimilianoDate:2003Type of Publication:Working PaperSeries/Report no.:CEPR Discussion Paper
Title:Transmission of German Monetary Policy in the Pre-Euro Period
Author(s):LUETKEPOHL, Helmut; WOLTERS, JürgenDate:2003Type of Publication:ArticleAbstract:A small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose, quarterly, seasonally unadjusted data ...
Title:A Trust-Driven Financial Crisis. Implications for the Future of Financial Markets
Author(s):GUISO, LuigiDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The financial crisis has brought to light diffuse opportunistic behaviour and some serious frauds. Because of this trust towards banks, bankers, brokers and the stock market has collapsed to unprecedented levels and there ...
Title:Trusting the Stock Market
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2008Type of Publication:ArticleAbstract:We study the effect that a general lack of trust can have on stock market participation. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function of the ...
Title:Turnout and Policy: The role of candidates
Author(s):VALASEK, Justin MattiasDate:2012Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Turnout is an important determinant of which candidate wins an election. Since candidates know this, it follows that they will consider turnout when choosing their policy platforms. In this paper I formally examine the ...
Title:Turnout and Power Sharing
Author(s):HERRERA, Helios; MORELLI, MassimoDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Differences in electoral rules and/or legislative, executive or legal institutions across countries induce different mappings from election outcomes to distributions of power. We explore how these different mappings affect ...
Title:Twin Deficit: Squaring Theory, Evidence and Common Sense
Author(s):CORSETTI, Giancarlo; MÜLLER, Gernot J.Date:2006Type of Publication:ArticleAbstract:Simple accounting suggests that shocks to the government budget move the current account in the same direction, and this `twin deficits' intuition leads many observers to call for fiscal consolidation in the US as a necessary ...
Title:Twin Deficits, Openness and the Business Cycle
Author(s):CORSETTI, Giancarlo; MÜLLER, Gernot J.Date:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In this paper, we study the co-movement of the government budget balance and the trade balance at business cycle frequencies. In a sample of 10 OECD countries we find that the correlation of the two time series is negative, ...