2 We supplement the Chinese data with U.S. reported trade data for imports from other foreign countries and U.S. domestic sales data to construct overall U.S. price indexes for manufacturing industries. With these data, we explicitly take into account that the China shock affects competitors'...
International tradeglobal economyglobalizationdeveloping countriesThe world today is beset by widespread poverty and persistent inequality. Some developing countries have managed to advance in the face of these obstacles, but many others have not, and still others have slipped back. This paper attempts ...
But the Smartphone, multipurpose and near-universal, has completely changed the economy of scale. “There are larger market forces driving high-powered computation, high-quality engineering and high-quality battery management in the smartphone market than those in a specialty product.” says Aaron ...
International Trade and Poverty Alleviation. :Discusses ways in which trade liberalization affects the poor. Protection of the poor against the negative short-term effects of trade liberalization; Dev... Bannister,J Geoffrey,Thugge,... - 《Finance & Development》 被引量: 138发表: 2001年 ...
the stock market price path of the exchange rate affects the real economy,in some time,is very significant,while in the other cases very uncertain,and the direction of change was even opposite in some period.This instability may be related to the Crowding Out Effect of booming asset price on...
The study shows that money illusion leads the nominal shock risk to generate spillover effects on the real side of the economy and affects all equilibrium quantities, even without inflation disagreement. We find that bond yields increase, but the stock price decreases, as money illusion increases....
FinancialInnovationHowitAffectstheMacroeconomy HowFinancialInnovationsimprove economicperformance Completingmarkets:expandingopportunitiesfor orisk-sharingorisk-poolingohedgingointertemporalorspatialtransfersofresources loweringtransactionscostsorincreasingliquidity reducing“agency”costscausedby oasymmetricinformationbetweentradin...
Businesses mustreorganizeat the international, national, and sub-national levels in production,international trade, and the integration of financial markets. The transformation of production systems affects the class structure, the labor process, the application of technology, and the structure and organiza...
The U.S., Switzerland, and Austria have the smallest underground economies, according to a study by the International Monetary Fund. Where the Underground Economy Flourishes Due to its cloaked nature, it's difficult to gauge the true extent of the money that changes hands through the underground...
NAFTA went into effect under the Clinton administration in 1994. The purpose of the deal was to boost trade within North America between Canada, the United States, and Mexico. It also aimed to get rid of trade barriers between the three parties, as well as most taxes and tariffs on goods ...