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Author:Gould, David M. 

Journal Article
A look at the top U.S. trading partners

Southwest Economy , Issue Nov , Pages 10

Journal Article
GATT and the new protectionism

The Uruguay Round of the General Agreement on Tariffs and Trade (GATT) is the first agreement of its kind that reduces or eliminates tariffs on many goods and addresses issues related to intellectual property rights, trade in services and agricultural subsidies. With good reason, it has generated much optimism about the future of free world trade. ; But does GATT's trade liberalization today mean that trade will remain liberalized tomorrow? Increasingly, governments are counteracting the perceived unfair trade practices of other nations with their own trade barriers. While concerns about ...
Economic and Financial Policy Review , Issue Q III , Pages 29-42

Journal Article
The facts about NAFTA

Southwest Economy , Issue Nov , Pages 8

Journal Article
Beyond the border : Latin American central banking

Southwest Economy , Issue Jul , Pages 12-13

Journal Article
What's behind those yen-dollar swings

Southwest Economy , Issue May , Pages 10

Working Paper
Does the choice of nominal anchor matter?

The conventional wisdom on nominal anchors is that exchange rate-based inflation stabilizations lead to economic booms while monetary-based stabilizations lead to recessions. This study finds strong evidence against this view. Rather than determining the path of economic growth, the choice of nominal anchor appears to be endogenously determined by the state of the economy. To peg or manage the exchange rate, a high level of international reserves is important, especially when a government?s credibility is low after a period of high inflation. After controlling for the level of international ...
Working Papers , Paper 9914

Working Paper
Building trade barriers and knocking them down: the political economy of unilateral trade liberalizations

Working Papers , Paper 9505

Journal Article
Despite short-term volatility, dollar's value stable for nearly a decade

Southwest Economy , Issue Jan , Pages 10

Working Paper
Human capital externalities, trade, and economic growth

Human capital, because of its special role in innovative activity and technological progress, has formed the bedrock of the new theories of endogenous growth. Human capital, however, not only serves as an engine of growth, but also as a productive input along with labor and physical capital. In this study, we distinguish between these two roles of human capital and find evidence of the importance of both. We also find that the relationship between growth and the external effects of human capital vary according to trade regime. When literacy rates are relatively high, open economies grow about ...
Working Papers , Paper 9301

Journal Article
The Mexican economy snaps back

Southwest Economy , Issue Mar , Pages 9-10

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