Search Results

SORT BY: PREVIOUS / NEXT
Keywords:International trade 

Working Paper
Global versus country-specific productivity shocks and the current account

For G-7 countries over the period 1961-1990, there appears to be a strong and stable negative correlation between annual changes in the current account and investment. Here we explore this correlation using a highly tractable empirical model that distinguishes between global and country-specific shocks. This distinction turns out to be quite important empirically, as global shocks account for roughly fifty percent of the overall variance of productivity. An apparent puzzle, however, is that the current account seems to respond by much less than investment to country-specific productivity ...
International Finance Discussion Papers , Paper 443

Journal Article
Has Japan been left out in the cold by regional integration?

Despite the ongoing worldwide trend toward regional integration, Japan has remained outside of all regional trading agreements. Because more than 60 percent of Japan?s trade is with countries that are members of a major regional bloc, this reluctance may have had significant effects on its pattern and volume of trade. Indeed, the author finds that Japan?s exports have been reduced by the integration of its trading partners, and that this effect has been fairly uniform across integration regimes. The author also finds that regional trading agreements have tended to have a much more negative ...
Review , Volume 84 , Issue Sep , Pages 25-36

Working Paper
Exchange rate pass-through and the role of international distribution channels

Manufacturers selling in foreign markets often do not completely pass on the effects of fluctuations in exchange rates to the prices of their products. Our paper addresses this puzzle and studies the effects of the international distribution channel on exchange rate pass-through. We develop an exchange rate pass-through model that takes into account the role of an intermediary between a domestic manufacturer and its consumers in a foreign market. We find that the magnitude of the pass-through depends on the presence of an incentive problem in the distribution channel. When there is no ...
FRB Atlanta Working Paper , Paper 96-22

Working Paper
North-South financial integration and business cycles

This paper examines the business cycle implications of increased North-South trade in financial assets. We build a quantitative general equilibrium model of North-South trade and compare the model's predictions under two asset market assumptions: a restricted setting in which asset trade is limited to a non-contingent one-period bond market; and a highly integrated setting in which agents have access to a complete contingent-claims market. Simulations of the North-South model suggest that increased North-South trade in asset markets (a) lowers Southern consumption and output volatility, and ...
Working Paper Series, Macroeconomic Issues , Paper WP-96-10

Report
Heterogeneous Agent Trade

This paper studies the implications of household heterogeneity for trade. I develop a model where household heterogeneity is induced via incomplete markets and results in heterogeneous price elasticities. Conditional on exposure to trade, heterogeneous price elasticities imply that different households value price changes differently, and thus rich and poor households experience different gains from trade. I calibrate the model to match bilateral trade flows and micro-facts about household-level expenditure patterns and elasticities. I find gains from trade that are pro-poor and that the ...
Staff Report , Paper 653

Working Paper
The new regionalism and Asia: impact and options

New regional initiatives abound, both outside Asia and within. Free Trade Areas in the West - notably NAFTA, its possible enlargement into an FTA of the Americas, and the European Union - have implications for Asia. Asian manufacturers will experience trade diversion, especially in textiles and apparel. Balancing such losses is the likelihood of gains from higher import demand caused by stronger economic growth in the Americas and Europe. ; New estimates of the gravity model of bilateral trade confirm the presence of implicit or de facto trade blocs in Asia and the Pacific, as in Europe ...
Pacific Basin Working Paper Series , Paper 95-10

Working Paper
China's foreign trade reform, 1979-91

Pacific Basin Working Paper Series , Paper 92-01

Journal Article
Theme song for softwood lumber: Oh, Canada

Fedgazette , Volume 14 , Issue Jan , Pages 9-11

Working Paper
Why hasn't trade grown faster than income? Inter-industry trade over the past century

Over the past century, the ratio of international trade to GDP has not grown substantially for most major OECD economies. We conjecture that growth in intra-industry trade has been offset by a decline in intra-industry trade. Inter-industry trade may have declined either because of biased growth in factor inputs so that factor proportions have become more similar, or because preferences have become more similar with rising per capita income.
International Finance Discussion Papers , Paper 371

Newsletter
The Midwest economy in an interdependent world market

Chicago Fed Letter

FILTER BY year

FILTER BY Series

Federal Reserve Bulletin 61 items

International Finance Discussion Papers 60 items

FRBSF Economic Letter 56 items

Working Papers 43 items

Review 31 items

Proceedings 27 items

show more (54)

FILTER BY Content Type

Journal Article 301 items

Working Paper 154 items

Conference Paper 66 items

Report 43 items

Speech 24 items

Discussion Paper 6 items

show more (2)

FILTER BY Author

anonymous 37 items

Moreno, Ramon 14 items

Coughlin, Cletus C. 11 items

Yi, Kei-Mu 11 items

Fieleke, Norman S. 10 items

Gagnon, Joseph E. 10 items

show more (472)

FILTER BY Jel Classification

F32 8 items

F14 7 items

F10 5 items

F62 4 items

E22 3 items

F21 3 items

show more (35)

FILTER BY Keywords

International trade 600 items

Exports 91 items

Foreign exchange rates 52 items

Imports 40 items

Balance of payments 38 items

Free trade 34 items

show more (321)

PREVIOUS / NEXT