Browsing Department of Economics (ECO) by Subject "F4"

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Browsing Department of Economics (ECO) by Subject "F4"

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    Title: The Role of Expectations in Sudden Stops  Author(s): MERTENS, Karel Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper presents a flexible-price small open economy model with a “peso problem” in productivity states. Agents rationally adjust their beliefs about future productivity growth after the arrival of news. A downward ...
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    Title: Productivity Growth, Bounded Marginal Utility, and Patterns of Trade  Author(s): SAURE, Philip Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: The workhorse model of the New Trade Theory fails to explain four strong and central patterns of postwar trade data. These patterns are, first, the massive increase in trade volumes, second, the small fraction of traded ...
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    Title: Productivity Growth, Bounded Marginal Utility, and Patterns of Trade  Author(s): SAURE, Philip Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The workhorse model of the New Trade Theory fails to explain four strong and central patterns of postwar trade data. These patterns are, first, the massive increase in trade volumes, second, the small fraction of traded ...