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Newsletter
The Great Lakes border economy
Newsletter
Emissions trading--lessons from experience
Newsletter
Competition and trade in the U.S. auto parts sector
Exports of U.S. made auto parts have stalled in recent years, while import levels of auto parts have continued to increase. The authors detail the magnitude and destination of U.S. imports and exports of specific auto parts in order to assess the challenges facing U.S. parts suppliers.
Journal Article
Reversal of fortune: understanding the Midwest recovery
Has the Midwest been good or lucky in its recent recovery? In this article, the authors assess the internal and external factors that have contributed to the revival of midwestern economic fortunes over the last decade.
Working Paper
Using vehicle taxes to reduce carbon dioxide emissions rates of new passenger vehicles: evidence from France, Germany, and Sweden
France, Germany, and Sweden have recently linked vehicle taxes to the carbon dioxide (CO2) emissions rates of passenger vehicles. France has introduced a system of CO2-based purchase taxes and subsidies, whereas Germany and Sweden impose annual circulation (i.e., registration) taxes that are linear functions of CO2 emissions rates. This paper (a) compares the effects of vehicle taxes on registrations and average emissions rates across countries and (b) estimates the effect of reducing CO2 emissions rates on manufacturers? profits. The taxes have had a significant negative short-run effect on ...
Working Paper
Where the headquarters are – evidence from large public companies 1990-2000
This paper examines the location of headquarter growth of large public companies during the 1990s. Headquarters continue to be attracted by large metropolitan areas. Yet among that group they continue to disperse into medium-sized centers. This paper identifies 6 different categories of gross flows underlying the net change of headquarters observed during the 90s. There is strong variation among the 50 largest metro areas in terms of the composition of these gross flows. On average, entry and exit represent over 2/3 of all gross flow activity. Pure relocation of headquarters is found to lead ...
Newsletter
The U.S. auto supplier industry in transition
Evolving relations between carmakers and their parts suppliers have resulted in local, regional, and international shifts in the location of production. An upcoming Chicago Fed conference in Detroit will examine these ongoing structural changes, which are affecting the prospects for the U.S. auto industry?s continued concentration in the Midwest.
Journal Article
Estimating U.S. metropolitan area export and import competition
This article estimates the extent to which the manufacturing sectors of U.S. metropolitan economies face competition from abroad and, in turn, how much they export overseas.