Search Results

Showing results 1 to 1 of approximately 1.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Vasquez, Jose P. 

Working Paper
New-Keynesian Trade: Understanding the Employment and Welfare Effects of Trade Shocks

There is a growing empirical consensus that trade shocks can have important effects on unemployment and nonemployment across local-labor markets within an economy. This paper introduces downward nominal wage rigidity to an otherwise standard quantitative trade model and shows how this framework can generate changes in unemployment and nonemployment that match those uncovered by the empirical literature studying the “China shock.” We also compare the associated welfare effects predicted by this model with those in the model without unemployment. We find that the China shock leads to ...
Working Paper Series , Paper 2020-32

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

F10 1 items

F16 1 items

F66 1 items

FILTER BY Keywords

PREVIOUS / NEXT