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Speech
Selling our services to the world (with an ode to Chicago)
Fisher, Richard W. (2008)
"The United States, like Chicago, can continue to prosper only if it faces economic change head-on, choosing to compete rather than retreat, seeking out new opportunities in a globalizing economy, where goods, services, money and ideas flow freely across international borders." ; Remarks before the Chicago Council on Global Affairs, Chicago, Illinois, April 17, 2008.
Speeches and Essays , Paper 29

Speech
Embracing the challenge of free trade: competing and prospering in a global economy
Bernanke, Ben S. (2007)
a speech at the Montana Economic Development Summit 2007, Butte, Montana
Speech , Paper 276

Working Paper
Modeling Time-Variation Over the Business Cycle (1960-2017): An International Perspective
Martinez-Garcia, Enrique (2018-10-01)
In this paper, I explore the changes in international business cycles with quarterly data for the eight largest advanced economies (U.S., U.K., Germany, France, Italy, Spain, Japan, and Canada) since the 1960s. Using a time-varying parameter model with stochastic volatility for real GDP growth and inflation allows their dynamics to change over time, approximating nonlinearities in the data that otherwise would not be adequately accounted for with linear models (Granger et al. (1991), Granger (2008)). With that empirical model, I document a period of declining macro volatility since the 1980s, ...
Globalization Institute Working Papers , Paper 348

Working Paper
The Local Impact of Containerization
Gendron-Carrier, Nicolas; Rua, Gisela; Brooks, Leah (2018-07-10)
We investigate how containerization impacts local economic activity. Containerization is premised on a simple insight: packaging goods for waterborne trade into a standardized container makes them dramatically cheaper to move. We use a novel cost-shifter instrument -- port depth pre-containerization -- to contend with the non-random adoption of containerization by ports. Container ships sit much deeper in the water than their predecessors, making initially deep ports cheaper to containerize. Consistent with New Economic Geography models, we find that counties near container ports grow an ...
Finance and Economics Discussion Series , Paper 2018-045

Journal Article
On the record: facing financial troubles in an era of globalization: a conversation with Nathan Sheets
Sheets, Nathan (2009-01)
Economist Nathan Sheets, director of the Federal Reserve Board's Division of International Finance, puts a global perspective on the current economic crisis and the Fed's response to it.
Southwest Economy , Issue Q1 , Pages 8-9

Conference Paper
The new economic geography : effects and policy implications : overview
Feldstein, Martin; Fraga, Arminio; Mohan, Rakesh (2006)
Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
Structural Change and Global Trade
Monarch, Ryan; Lewis, Logan T.; Zhang, Jing; Sposi, Michael (2018-04-10)
Services, which are less traded than goods, rose from 50 percent of world expenditure in 1970 to 80 percent in 2015. Such structural change restrained "openness"?the ratio of world trade to world GDP?over this period. We quantify this with a general equilibrium trade model featuring non-homothetic preferences and input-output linkages. Openness would have been 70 percent in 2015, 23 percentage points higher than the data, if expenditure patterns were unchanged from 1970. Structural change is critical for estimating the dynamics of trade barriers and welfare gains from trade. Ongoing ...
International Finance Discussion Papers , Paper 1225

Newsletter
Economic globalization
Gascon, Charles S. (2007-11)
Globalization has been covered heavily in the news recently, with special focus on the rise of China in the global economy and the sense of more job insecurity in the United States.
Liber8 Economic Information Newsletter , Issue Nov

Speech
Global economic integration and decoupling: a speech at the International Research Forum on Monetary Policy, Frankfurt, Germany, June 26, 2008
Kohn, Donald L. (2008)
Speech , Paper 416

Speech
Coping with globalization's impact on monetary policy
Fisher, Richard W. (2006)
Remarks for the National Association for Business Economics Panel Discussion at the 2006 Allied Social Science Associations Meeting, Boston, Massachusetts, January 6, 2006 ; "By spurring productivity and fomenting tectonic economic changes, globalization has acted as a tailwind for the Fed's--and other central banks'--efforts to hold down inflation. I believe the Federal Reserve has been able to contain inflation with faster growth than would have been possible in the absence of globalization. In short, globalization has made the Fed's job easier over the past few years">
Speeches and Essays , Paper 82

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