Research

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Title
Author(s)
Year
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 ...
2014
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of static measures of capital misallocation within industries (and countries). Across nine data sets spanning 40 countries, we find that ...
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 ...
Esteban Rossi-Hansberg
2014
ABSTRACT:  We study the impact of regional and sectoral productivity changes on the U.S. economy. To that  end, we consider an environment that captures the effects of interregional and intersectoral trade in  propagating disaggregated productivity ...
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, ...
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 ...
Oleg Itskhoki
2013
We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New Keynesian open economy environment. ...
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 ...
Aaron Friedberg
2010
While their full effects are not yet clear, the recent financial crisis, and the global economic slowdown that followed, could have a significant impact on the evolving strategic rivalry between the United States and China. Economic issues are likely to ...