Matches in SemOpenAlex for { <https://semopenalex.org/work/W53624471> ?p ?o ?g. }
Showing items 1 to 61 of
61
with 100 items per page.
- W53624471 abstract "This thesis consists of four self-contained essays.Essay 1 studies the implications of relaxing the assumption that the elasticity of international substitution is constant over time horizons, through the modeling of habit formation. Compared to the standard model without habits, the proposed dynamic demand model exhibits substantially more volatile exchange rates and it can generate higher real exchange rate persistence in the presence of interest-rate smoothing. Moreover, welfare-maximizing monetary policy results in even stronger exchange rate responses to shocks than does the classical Taylor rule.Essay 2 evaluates the effects of changes in the replacement rate of unemployment benefits on wages and unemployment in an estimated DSGE model. Allowing for permanent shocks to the replacement rate, we find a semielasticity of unemployment of 1.22. Our rich model of the wage bargain further allows us to determine the relative importance of match separation and strike/lockout in wage bargaining. Results from our main specification indicate that breakdowns are more important threat points than conflicts in negotiations when wages are determined.Essay 3 examines the econometric methodology of the empirical literature on the elasticity of international substitution following Feenstra (1994), looking in more detail at the effect on the results of the non-linear mapping between reduced-form and structural parameters. Our main contribution is the use of bootstrap methods, which can explain why researchers applying the Feenstra method may tend to find high estimates. The bootstrap further allows us to better characterize the accuracy of the obtained estimates, a point vastly overlooked by the literature.In Essay 4 we estimate the elasticity of substitution of a country's imports, and that of its exports on the world market, for EU countries using sector level trade data. We present a new empirical strategy based on the identification scheme by Feenstra (1994), which enables the estimation of elasticities from data on exports. We obtain aggregate elasticities for the EU27 countries, with a mean of 3.5 for imports and 4.0 for exports, bringing us closer to traditional estimates and bridging the gap between the newer micro data estimates and the more traditional estimates found in the macroeconomic literature." @default.
- W53624471 created "2016-06-24" @default.
- W53624471 creator A5039663532 @default.
- W53624471 date "2012-01-01" @default.
- W53624471 modified "2023-09-28" @default.
- W53624471 title "Monetary Policy, Trade Dynamics, and Labor Markets in Open Economies" @default.
- W53624471 hasPublicationYear "2012" @default.
- W53624471 type Work @default.
- W53624471 sameAs 53624471 @default.
- W53624471 citedByCount "0" @default.
- W53624471 crossrefType "journal-article" @default.
- W53624471 hasAuthorship W53624471A5039663532 @default.
- W53624471 hasConcept C100243477 @default.
- W53624471 hasConcept C139719470 @default.
- W53624471 hasConcept C145236788 @default.
- W53624471 hasConcept C149782125 @default.
- W53624471 hasConcept C162324750 @default.
- W53624471 hasConcept C2776988154 @default.
- W53624471 hasConcept C2777388388 @default.
- W53624471 hasConcept C2778126366 @default.
- W53624471 hasConcept C2778135664 @default.
- W53624471 hasConcept C2778762746 @default.
- W53624471 hasConcept C34447519 @default.
- W53624471 hasConceptScore W53624471C100243477 @default.
- W53624471 hasConceptScore W53624471C139719470 @default.
- W53624471 hasConceptScore W53624471C145236788 @default.
- W53624471 hasConceptScore W53624471C149782125 @default.
- W53624471 hasConceptScore W53624471C162324750 @default.
- W53624471 hasConceptScore W53624471C2776988154 @default.
- W53624471 hasConceptScore W53624471C2777388388 @default.
- W53624471 hasConceptScore W53624471C2778126366 @default.
- W53624471 hasConceptScore W53624471C2778135664 @default.
- W53624471 hasConceptScore W53624471C2778762746 @default.
- W53624471 hasConceptScore W53624471C34447519 @default.
- W53624471 hasLocation W536244711 @default.
- W53624471 hasOpenAccess W53624471 @default.
- W53624471 hasPrimaryLocation W536244711 @default.
- W53624471 hasRelatedWork W1482317864 @default.
- W53624471 hasRelatedWork W1482996708 @default.
- W53624471 hasRelatedWork W1547408988 @default.
- W53624471 hasRelatedWork W1819123890 @default.
- W53624471 hasRelatedWork W2007140261 @default.
- W53624471 hasRelatedWork W2066861068 @default.
- W53624471 hasRelatedWork W2087793670 @default.
- W53624471 hasRelatedWork W2158109421 @default.
- W53624471 hasRelatedWork W2219280582 @default.
- W53624471 hasRelatedWork W2278441161 @default.
- W53624471 hasRelatedWork W2465845494 @default.
- W53624471 hasRelatedWork W2768619531 @default.
- W53624471 hasRelatedWork W282858658 @default.
- W53624471 hasRelatedWork W3122690405 @default.
- W53624471 hasRelatedWork W3125379412 @default.
- W53624471 hasRelatedWork W3127456267 @default.
- W53624471 hasRelatedWork W3177002083 @default.
- W53624471 hasRelatedWork W391517749 @default.
- W53624471 hasRelatedWork W74310471 @default.
- W53624471 hasRelatedWork W2014946192 @default.
- W53624471 isParatext "false" @default.
- W53624471 isRetracted "false" @default.
- W53624471 magId "53624471" @default.
- W53624471 workType "article" @default.