Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Trade barriers and the relative price tradables
Sposi, Michael (2013)
In this paper I quantitatively address the role of trade barriers in explaining why prices of services relative to tradables are positively correlated with levels of development across countries. I argue that trade barriers play a crucial role in shaping the cross-country pattern of specialization across many heterogenous tradable goods. The pattern of specialization feeds into cross-country productivity differences in the tradables sector and is reflected in the relative price of services. I show that the existing pattern of specialization implies that the tradables-sector productivity gap ...
Globalization Institute Working Papers , Paper 139

Working Paper
The Impact of Health and Economic Policies on the Spread of COVID-19 and Economic Activity
Leibovici, Fernando; Famiglietti, Matthew (2022-01)
This paper empirically investigates the causal linkages between COVID-19 spread, government health containment and economic support policies, and economic activity in the U.S. up to the introduction of vaccines in early 2021. We model their joint dynamics as generated by a structural vector autoregression and estimate it using U.S. state-level data. We identify structural shocks to the variables by making assumptions on their short-run relation consistent with salient epidemiological and economic features of COVID-19. We isolate the direct impact of COVID-19 spread and policy responses on ...
Working Papers , Paper 2021-005

Working Paper
Learning to export from neighbors
Tang, Heiwai; Fernandes, Ana (2014-06-01)
This paper studies how learning from neighboring firms affects new exporters? performance. We develop a statistical decision model in which a firm updates its prior belief about demand in a foreign market based on several factors, including the number of neighbors currently selling there, the level and heterogeneity of their export sales, and the firm?s own prior knowledge about the market. A positive signal about demand inferred from neighbors? export performance raises the firm?s probability of entry and initial sales in the market but, conditional on survival, lowers its post-entry growth. ...
Globalization Institute Working Papers , Paper 185

Working Paper
Financial Development and Trade Liberalization
Szkup, Michal; Kohn, David; Leibovici, Fernando (2020-11)
We study the role of financial development on the aggregate and welfare implications of reducing international trade barriers on imports of physical capital and intermediate inputs. We document that financially underdeveloped economies feature a slower response of real GDP, consumption, and investment following trade liberalization episodes that improve access to imported production inputs. To quantify the role of financial development, we set up a quantitative general equilibrium model with heterogeneous firms subject to financial constraints and estimate it to match salient features from ...
Working Papers , Paper 2020-038

Working Paper
International Trade of Essential Goods During a Pandemic
Santacreu, Ana Maria; Leibovici, Fernando (2020-05)
This paper studies the role of international trade of essential goods during a pandemic. We consider a multi-country, multi-sector model with essential and non-essential goods. Essential goods provide utility relative to a reference consumption level, and a pandemic consists of an increase in this reference level. Each country produces domestic varieties of both types of goods using capital and labor subject to sectoral adjustment costs, and all varieties are traded internationally subject to trade barriers. We study the role of international trade of essential goods in mitigating or ...
Working Papers , Paper 2020-010

Working Paper
Navigating the Waves of Global Shipping: Drivers and Aggregate Implications
Leibovici, Fernando; Dunn, Jason (2024-02)
This paper studies the drivers of global shipping dynamics and their aggregate implications. We document novel evidence on the dynamics of global shipping supply, demand, and costs. Motivated by this evidence, we set up a dynamic model of international trade with a global shipping market where shipping firms and importers endogenously determine shipping supply and costs. We find the model successfully accounts for the dynamics of global shipping observed in the aftermath of COVID-19 as well as at business cycle frequencies. We find that accounting for global shipping is critical for the ...
Working Papers , Paper 2023-002

Working Paper
International Trade of Essential Goods During a Pandemic
Santacreu, Ana Maria; Leibovici, Fernando (2020-05-05)
This paper studies the role of international trade of essential goods during a pandemic. We consider a multi-country multi-sector model with essential and non-essential goods. Essential goods provide utility relative to a reference consumption level, and a pandemic consists of an increase in this reference level. Each country produces domestic varieties of both types of goods using capital and labor subject to sectoral adjustment costs, and all varieties are traded internationally subject to trade barriers. We study the role of international trade of essential goods in mitigating or ...
Working Papers , Paper 2020-010

Working Paper
The Impact of Health and Economic Policies on the Spread of COVID-19 and Economic Activity
Leibovici, Fernando; Famiglietti, Matthew (2021-04)
This paper empirically investigates the causal linkages between COVID-19 spread, government health containment and economic support policies, and economic activity during 2020 in the U.S. We model their joint dynamics as generated by a structural vector autoregression and estimate it using U.S. state-level data. We identify structural shocks to the variables by making assumptions on their short-run relation consistent with salient epidemiological and economic features of COVID-19. We isolate the direct impact of COVID-19 spread and policy responses on economic activity by controlling for ...
Working Papers , Paper 2021-005

Working Paper
Navigating the Waves of Global Shipping: Drivers and Aggregate Implications
Leibovici, Fernando; Dunn, Jason (2024-08)
This paper studies the drivers of global shipping dynamics and their aggregate implications. We document novel evidence on the dynamics of global shipping supply, demand, and costs. Motivated by this evidence, we set up a dynamic model of international trade with a global shipping market where shipping firms and importers endogenously determine shipping supply and costs. We find the model successfully accounts for the dynamics of global shipping observed in the aftermath of COVID-19, at business cycle frequencies, and following shipping disruptions in the Red Sea. Accounting for global ...
Working Papers , Paper 2023-002

Working Paper
North-South Technological Diffusion and Dynamic Gains from Trade
Valderrama, Diego; Connolly, Michelle P. (2005-07-01)
This paper studies the transitional dynamics in a quality ladder model of endogenous growth in which North-South trade leads to technological diffusion through reverse engineering of intermediate goods. The concept of learning-to-learn is incorporated into both imitative and innovative processes, which in turn drive domestic technological progress. International trade with imitation leads to feedback effects between Southern imitators and Northern innovators who compete for the world market. Consequently, both regions face transition paths dependent on their relative technologies. We solve ...
Working Paper Series , Paper 2004-24

show more (37)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords