We present novel insights on the role of international trade following unanticipated government spending and income tax changes in a flexible exchange rate enviCacciatore, MatteoTraum, NoraSocial Science Electronic PublishingCacciatore M., and N. Traum (2018). "Trade Flows and Fiscal Multipliers", ...
Indeed, for the transport and shipping logistics sector, reconciliation of trade data in services is explicitly linked to the parallel reconciliation of data on trade in goods, as services play a critical role in bridging the gap between reported export flows for goods in one country’s national...
Accelerating efforts for the Sustainable Development Goals requires understanding their synergies and trade-offs at the national and sub-national levels, which will help identify the key hurdles and opportunities to prioritize them in an indivisible mann
Trade has been part of the engine driving the emergence of Asia on the world stage. But it has been laboring for the better part of a decade. And although trade’s troubles are global, they’ve been biting deepest here in Asia, where trade flows st...
which results in an increase in the real interest rate. Higher real interest rate then attracts more capital toward the domestic capital market, resulting in a decrease in the net capital outflow. At the same time, the decrease in the net capital outflows causes the real exchange rate to go...
This article studies the determinants of size differentials between fiscal multipliers in countries around the world, both advanced and developing economies. We introduce variables not considered before for explaining multiplier size differentials, such as capital flows and the openness of capital markets,...
This included the 2001-publication repeating Leontief’s test of the Heckscher–Ohlin framework for two countries and two factors, with and without similar preferences and technologies, but (unlike Leontief) with trade flows determined endogenously on the basis of relative comparative advantage and ...