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The effect of import competition on manufacturing wages

Research Paper , Paper 9030

Journal Article
U.S. international transactions in 2000

The U.S. current account deficit widened to $435 billion in 2000, a record 4.4 percent of gross domestic product, as the lagged effect of strong growth in the U.S. economy in late 1999 and early 2000 continued to drive up imports of goods and services faster than exports increased. To a lesser extent, a decline in U.S. price competitiveness also contributed to the expansion in the deficit. The $104 billion increase in the current account deficit was entirely accounted for by an equal-sized increase in the goods and services deficit. Other components of the current account moved in small and ...
Federal Reserve Bulletin , Volume 87 , Issue May

Journal Article
Global Supply Chain Disruptions Can Be Seen Anywhere, but Their Costs Are Not the Same Everywhere

Although ubiquitous, supply chain challenges are exerting more cost pressures on the types of businessesconcentrated in the Tenth Federal Reserve District. Businesses in the region are less willing or able to adjustthe amount of imported goods they purchase even when procurement prices rise precipitously, as they have over the past year.
Economic Bulletin , Issue January 12, 2022 , Pages 4

Working Paper
Trade elasticities for G-7 countries

This paper reports the results of a project to estimate and test the stability properties of conventional equations relating real imports and exports of goods and services for the G-7 countries to their incomes and relative prices. We begin by estimating cointegration vectors and the error-correction formulations. We then test the stability of these equations using Chow and Kalman-Filter tests. The evidence suggests three findings. First, conventional trade equations and elasticities are stable enough, in most cases, to perform adequately in forecasting and policy simulations. Equations for ...
International Finance Discussion Papers , Paper 609

Journal Article
Policy update: Freer trade in textiles change import sources

Econ Focus , Volume 9 , Issue Sum , Pages 12

Journal Article
I dream of protective genies

The softwood lumber and steel industries begged for protection from imports. Both got their wish, but has it helped?
Fedgazette , Volume 15 , Issue Jul , Pages 8-12

Discussion Paper
What’s Driving the Recent Slump in U.S. imports?

The growth in U.S. imports of goods has been stubbornly low since the second quarter of 2015, with an average annual growth rate of 0.7 percent. Growth has been even weaker for non-oil imports, which have increased at an average annual rate of only 0.1 percent. This is in sharp contrast to the pattern in the five quarters preceding the second quarter of 2015, when real non-oil imports were growing at an annualized rate of 8 percent per quarter. The timing of the weakness in import growth is particularly puzzling in light of the strong U.S. dollar, which appreciated 12 percent in 2015, ...
Liberty Street Economics , Paper 20161107

A regional approach to measures of import activity

Chicago Fed Letter , Issue Nov

Journal Article
How Does a Rise in International Shipping Costs Affect U.S. Inflation?

Trenton Herriford, Elizabeth M. Johnson, Nicholas Sly, and A. Lee Smith find that an increase in ocean shipping costs leads to a modest boost in core inflation after one year.
Macro Bulletin



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anonymous 8 items

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