Browsing Department of Economics (ECO) by Subject "Trade balance"

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Browsing Department of Economics (ECO) by Subject "Trade balance"

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    Title: The US Trade Deficit, the Decline of the WTO and the Rise of Regionalism  Author(s): AGUR, Itai Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper argues that the growing US trade deficit has caused the decline of the WTO and the rise of regional trade agreements. A country in de.cit prefers to retain market power against countries with a large surplus. ...
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    Title: S-Curve Redux: On the International Transmission of Technology Shocks  Author(s): ENDERS, Zeno; MÜLLER, Gernot J. Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Using vector autoregressions on U.S. time series, we find that technology shocks induce an ‘S’- shaped cross-correlation function for the trade balance and the terms of trade (S-curve). In calibrating a prototypical ...