Job Creation Job Destruction And The Real Exchange Rate
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Job Creation Job Destruction And The Real Exchange Rate
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Author : Michael W. Klein
language : en
Publisher:
Release Date : 1999
Job Creation Job Destruction And The Real Exchange Rate written by Michael W. Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Downsizing of organizations categories.
This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S. manufacturing industries over the period 1973 to 1993. The responsiveness of these gross job flows to the real exchange rate reflects pervasive heterogeneity with respect to international conditions across firms, even within narrowly defined industries. We document this heterogeneity and show that the responsiveness of job flows to movements in the real exchange rate varies with the industry's openness to international trade. We also show an asymmetry in the responsiveness of job flows to the real exchange rate; appreciations play a significant role in job destruction, but job flows do not respond significantly to dollar depreciations.
Job Creation Job Destruction And International Competition
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Author : Michael W. Klein
language : en
Publisher: W.E. Upjohn Institute
Release Date : 2003
Job Creation Job Destruction And International Competition written by Michael W. Klein and has been published by W.E. Upjohn Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
Looks into the costs and benefits of labour-market reallocation of US manufacturing industries. Includes a review of the literature on implications of gross flows for the costs of labour adjustment to international factors. Concludes that gross job flows may influence gross worker flows, and therefore, human capital investment, wages and worker welfare.
Exchange Rates And Jobs
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Author : Pierre-Olivier Gourinchas
language : en
Publisher:
Release Date : 1998
Exchange Rates And Jobs written by Pierre-Olivier Gourinchas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business cycles categories.
Abstract: Currency fluctuations provide a substantial source of movements in relative prices that is largely exogenous to the firm. This paper evaluates empirically and theoretically the importance of exchange rate movements on job reallocation across and within sectors. The objective is (1) to provide accurate estimates of the impact of exchange rate fluctuations and (2) to further our understanding of how reallocative shocks propagate through the economy. The empirical results indicate that exchange rates have a significant effect of gross and net job flows in the traded goods sector. Moreover, the paper finds that job creation and destruction comove positively, following a real exchange rate shock. Appreciations are associated with additional turbulence, and depreciations with a existing non-representative agent reallocation models have a hard time replicating the salient features of the data. The results indicate a strong tension between the positive comovements of gross flows in response to reallocative disturbances and the negative comovement in response to aggregate shocks.
Trade And Employment
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Author : Bernard M. Hoekman
language : en
Publisher: World Bank Publications
Release Date : 2005
Trade And Employment written by Bernard M. Hoekman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Commerce categories.
"The substantial literature investigating the links between trade, trade policy, and labor market outcomes-both returns to labor and employment-has generated a number of stylized facts, but many open questions remain. This paper surveys the subset of the literature focusing on trade policy and integration into the world economy. Although in the longer run trade opportunities can have a major impact in creating more productive and higher paying jobs, this literature tends to take employment as given. A common finding is that much of the shorter run impacts of trade and reforms involve reallocation of labor or wage impacts within sectors. This reflects a pattern of expansion of more productive firms-especially export-oriented or suppliers to exporters-and contraction and adjustment of less productive enterprises in sectors that become subject to greater import competition. Wage responses to trade and trade reforms are generally greater than employment impacts, but trade can only explain a small fraction of the general increase in wage inequality observed in both industrial and developing countries in recent decades. A feature of the literature survey is that the focus is almost exclusively on industries producing goods. Given the importance of service industries as a source of employment and determinants of competitiveness, the paper argues that one priority area for future research is to study the employment effects of services trade and investment reforms. "--World Bank web site.
The Asymmetric Effects Of Monetary Policy On Job Creation And Destruction
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Author : Mr.Pietro Garibaldi
language : en
Publisher: International Monetary Fund
Release Date : 1997-04-01
The Asymmetric Effects Of Monetary Policy On Job Creation And Destruction written by Mr.Pietro Garibaldi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-04-01 with Business & Economics categories.
This paper presents theory and evidence on the asymmetric effects of monetary policy on job creation and job destruction. First, it solves a dynamic matching model and it shows how interest rate changes result in an asymmetric response of job creation and destruction. Second, it looks at how changes in the federal fund rate affect gross job flows in the U.S. manufacturing industry, and it finds evidence of asymmetry. Tight policy increases job destruction and reduces net employment changes. Conversely, easy policy appears ineffective in stimulating job creation.
Nber Macroeconomics Annual 1998
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Author : Ben Bernanke
language : en
Publisher: MIT Press
Release Date : 1999
Nber Macroeconomics Annual 1998 written by Ben Bernanke and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.
China S Trade Exchange Rate And Industrial Policy Structure
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Author : John Whalley
language : en
Publisher: World Scientific
Release Date : 2013-04-15
China S Trade Exchange Rate And Industrial Policy Structure written by John Whalley and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-15 with Business & Economics categories.
This book aims at assessing the potential impacts of China's macro economic, trade, exchange rate and reserve management policies for industrial structure and performance. It uses data analysis and econometric methods applied to recent Chinese data. It has a special focus on the performance of the Chinese economy both during and after the 2008 global financial crisis. The book will be of interest to researchers and practitioners in governmental and international agencies both in China and outside of the country. Contents:Overview of Papers and Introduction:Introduction (John Whalley)The Impacts of the 2008 Financial Crisis on China (John Whalley)How Can the G20 Better Support Global Governance? A Chinese Perspective (Yuyan Zhang and Huifang Tian)Macroeconomic Policies:The Chinese Savings Rate: Causes and Implications for Imbalances (Yuezhou Cai and Tongsan Wang)Labour Market Reform, Income Inequality and Economic Growth in China (Ming Lu and Hong Gao)Institutional Constraints, Identity and Household Consumption Heterogeneity in China (Binkai Chen, Ming Lu and Ninghua Zhong)China's Trade:What Accounts for China's Export Market Performance During the Financial Crisis? (Ma Tao and Zhang Lin)The Global Financial Crisis and China's Trade in Services: Impacts and Trade Policy Responses (Ying Fan)How Much Did China's Exports Drop During the 2008–2009 Financial Crisis? (Ran Jing)Exchange Rate Policy and Reserve Management:Employment versus Wage Adjustment and Revaluation of RMB (Risheng Mao)China's Sovereign Wealth Fund as Foreign Reserve Manager: Pre- and Post-Crisis (Yiwen Fei and Xichi Xu)Industrial Structure and Performance:On Industrial Performance During the Global Recession (Lingyun Gao and Qingyi Su)Post–Crisis Infrastructure Investment and Economic Growth in China (Shaoqing Huang, Hao Shi and Weimin Zhou)The Effects of China's Stimulus Policies and Their Transmission Channels (Zhang Tao and Wang Wenfu) Readership: Upper-level undergraduate and graduate students as well as researchers involved in the field of international economics, with a special focus on China. Keywords:China;Macro;Trade;Exchange Rate;Industrial Policy Structure
Job Creation In Latin America And The Caribbean
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Author : Carmen Pag s
language : en
Publisher: World Bank Publications
Release Date : 2009-06-19
Job Creation In Latin America And The Caribbean written by Carmen Pag s and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-19 with Business & Economics categories.
More than a decade has passed since the introduction of comprehensive macroeconomic stabilization packages and trade, fiscal, and financial market reforms in Latin America and the Caribbean. However, growth prospects remain disappointing; labor markets show lackluster performance, with low participation rates, high and persistent informality, and, in some cases, open unemployment. Creating viable and lasting employment is vital to reduce poverty and spread prosperity in the region. The failure to create more and more productive and rewarding jobs carries substantial political, social, and economic costs. 'Job Creation in Latin America and the Caribbean: Recent Trends and Policy Challenges' provides a thorough examination of the labor market trends in the region in recent decades and assesses the role that labor demand and labor supply factors have played in shaping these outcomes.
Soft Computing In Capital Market
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Author : Jibendu Kumar Mantri
language : en
Publisher: Universal-Publishers
Release Date : 2014-06-03
Soft Computing In Capital Market written by Jibendu Kumar Mantri and has been published by Universal-Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-03 with Business & Economics categories.
Computational Finance, an exciting new cross-disciplinary research area, depends extensively on the tools and techniques of computer science, statistics, information systems and financial economics for educating the next generation of financial researchers, analysts, risk managers, and financial information technology professionals. This new discipline, sometimes also referred to as "Financial Engineering" or "Quantitative Finance" needs professionals with extensive skills both in finance and mathematics along with specialization in computer science. Soft-Computing in Capital Market hopes to fulfill the need of applications of this offshoot of the technology by providing a diverse collection of cross-disciplinary research. This edited volume covers most of the recent, advanced research and practical areas in computational finance, starting from traditional fundamental analysis using algebraic and geometric tools to the logic of science to explore information from financial data without prejudice. Utilizing various methods, computational finance researchers aim to determine the financial risk with greater precision that certain financial instruments create. In this line of interest, twelve papers dealing with new techniques and/or novel applications related to computational intelligence, such as statistics, econometrics, neural- network, and various numerical algorithms are included in this volume.
From Trade Surplus To The Dispute Over The Exchange Rate
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Author : Li Xin
language : en
Publisher: World Scientific
Release Date : 2016
From Trade Surplus To The Dispute Over The Exchange Rate written by Li Xin and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Business & Economics categories.
"Since 2005, China has been accused of causing the trade deficit and manipulating the exchange rate. At the same time, there have been arguments against the RMB appreciation. The reason for this conflict is the lack of quantitative research or elaboration on many extremely important indicators. To correctly describe the industrial chain and value-added process around the world, it is necessary to identify data by using new methods and separating the processing trade from the non-processing trade based on the Global Trade Analysis Project (GTAP) data. This book establishes a Global Multi-department Computable General Equilibrium (GMCGE) model based on the continuous global input-output database. It focuses on the Computable General Equilibrium (CGE) model that constructs a consistent interaction mechanism within the economic system and fully reflects the general equilibrium characteristics and thus tries to avoid the limitations of the partial equilibrium model. It shows how the GMCGE framework can distinguish the processing trade from non-processing trade in the input-output data, and at the same time ensure the endogenous equilibrium of the social accounting matrix (SAM) after distinction."--Provided by the publisher.