Research

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Title
Author(s)
Year
Miguel Centeno
2015
In this article, we discuss the increasing interdependence of societies, focusing specifically on issues of systemic instability and fragility generated by the new and unprecedented level of connectedness and complexity resulting from globalization. We ...
Marc Fleurbaey
2015
A free trade is always Pareto-improving. But some “free trades” are actually forced in the sense that they reflect the trader’s poverty rather than his or her preferences. We propose a rigorous concept of forced trade, and apply it to the ethical ...
Gene Grossman
2015
Paul Romer (1986, 1990) ve Robert Lucas (1988)’in makaleleri bize; ölçeğe göre artan getirilerin mevcut olduğu bir ekonomik ortamda yatırım gerçekleştiğinde, sermayenin marjinal ürününün iskonto oranına göre zamanla düşmesi gerekmediğini hatırlatmıştır. ...
2015
This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary externalities. First ...
Gene Grossman
2015
We study patterns of foreign direct investment (FDI) in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to ...
Carles Boix
2014
We reassess the literature of growth by looking at the evolution of the European economy from around 1200 to 1900. Employing a comprehensive dataset for the European continent that includes geographic and climate features (1200-1800), urbanization data ...
2014
In this article, we introduce an empirical framework to analyze how firm performance is affected by increased globalization. Using this framework, we discuss recent work on measuring the impact of various shocks firms face in the global marketplace, such ...
Gene Grossman
2013
In this paper, I survey the recent theoretical literature that incorporates heterogeneous labor into models of international trade. The models with heterogeneous labor have been used to study how talent dispersion can be a source of comparative advantage, ...
Oleg Itskhoki
Stephen Redding
2013
This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets. It implies ...
Sophie Meunier
2013
Sophie Meunier May, 2013 Developments in French Politcs, 5th Edition, ed. Alistair Cole, Sophie Meunier, and Vincent Tiberj; Palgrave-Macmillan Foreign Policy Trade Macroeconomics International Political Economy and Trade meunier_france_and_the_global ...
Stephen Redding
2013
We examine how firm heterogeneity influences aggregate welfare through endogenous firm selection. We consider a homogeneous firm model that is a special case of a heterogeneous firm model with a degenerate productivity distribution. Keeping all structural ...
Oleg Itskhoki
2012
Large exporters are simultaneously large importers. In this paper, we show that this pattern is key to understanding low aggregate exchange rate pass-through as well as the variation in pass-through across exporters. First, we develop a theoretical ...
Harold James
2012
This paper examines why so much debate about the structure of the international economy revolves around a conference held at Bretton Woods in July 1944 which was not immediately conspicuously successful. There was a unique confluence of contemporary ...
Oleg Itskhoki
2012
We document the behavior of trade prices during the Great Trade Collapse of 2008-09 using transaction-level data from the U.S. Bureau of Labor Statistics. First, we find that differentiated manufactures exhibited marked stability in their trade prices ...
Harold James
2011
The paper presents trade policy as in line with that of other continental European powers, with a move to moderate levels of tariff protection for politically sensitive sectors such as steel and textiles and clothing, but also in agriculture, with levels ...
Carles Boix
2011
Does the process of economic globalization curtail the capacity of national governments to pursue autonomous economic policies at home? Does the growing cross-border mobility of factors (and its associated threat of capital flight) discipline governments ...
Gene Grossman
2011
We develop a framework for studying trade in horizontally and vertically differentiated products. In our model, consumers with heterogeneous incomes and tastes purchase a homogeneous good and makea discrete choice of quality and variety of a ...
Gene Grossman
2011
Gene Grossman July, 2011 Comparative Advantage, Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V. Deardorff, ed. Robert Stern; World Scientific Publishing Company Trade Macroeconomics International Political Economy and ...