Study Center Gerzensee

Displaying 1-6 of 6 results

  • White Papers // Jul 2011

    Surfing The Capital Waves: A Sector-Level Examination Of Surges In FDI Inflows

    The authors examine episodes of large gross FDI inflows - surges - at the sectoral level between 1994 and 2009 for 95 emerging-market and industrial countries. They find that surges in the primary and manufacturing sectors are less cyclical and associated with lower macroeconomic volatility than surges in the business...

    Provided By Study Center Gerzensee

  • White Papers // May 2011

    Spatial Competition In Quality, Demand- Induced Innovation, And Schumpeterian Growth

    The authors develop a general equilibrium model of vertical innovation in which multiple firms compete monopolistically in the quality space. The model features many firms, each of which holds the monopoly to produce a unique quality level of an otherwise homogenous good, and consumers who are heterogeneous in their valuation...

    Provided By Study Center Gerzensee

  • White Papers // Dec 2010

    Low-Wage Import Competition, Inflationary Pressure, And Industry Dynamics In Europe

    What is the impact of import competition from Low-Wage Countries (LWCs) on inflationary pressure in Europe? This paper examines whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden, and the United Kingdom. In a panel covering...

    Provided By Study Center Gerzensee

  • White Papers // Nov 2010

    Compulsory Voting And Public Finance

    Conventional wisdom suggests that compulsory voting lowers the influence of special-interest groups and leads to policies that are better for less privileged citizens, who often abstain when voting is voluntary. To scrutinize this conventional wisdom, the author studies public goods provision and rents to special-interest groups in a probabilistic voting...

    Provided By Study Center Gerzensee

  • White Papers // Nov 2009

    Deciding To Peg The Exchange Rate In Developing Countries: The Role Of Private-Sector Debt

    The authors argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. They present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred by the government. Once they...

    Provided By Study Center Gerzensee

  • White Papers // Aug 2009

    Product Heterogeneity, Within-Industry Trade Patterns, And The Home Bias Of Consumption?

    Starting with Krugman (1980), much literature has analyzed how trade liberalization affects the economy based on the notion that trade is motivated by consumer's love of variety. In this paper, the author augments these preferences by the determinants of demand for heterogeneous products. The model features products with heterogeneous attributes...

    Provided By Study Center Gerzensee

  • White Papers // Jul 2011

    Surfing The Capital Waves: A Sector-Level Examination Of Surges In FDI Inflows

    The authors examine episodes of large gross FDI inflows - surges - at the sectoral level between 1994 and 2009 for 95 emerging-market and industrial countries. They find that surges in the primary and manufacturing sectors are less cyclical and associated with lower macroeconomic volatility than surges in the business...

    Provided By Study Center Gerzensee

  • White Papers // May 2011

    Spatial Competition In Quality, Demand- Induced Innovation, And Schumpeterian Growth

    The authors develop a general equilibrium model of vertical innovation in which multiple firms compete monopolistically in the quality space. The model features many firms, each of which holds the monopoly to produce a unique quality level of an otherwise homogenous good, and consumers who are heterogeneous in their valuation...

    Provided By Study Center Gerzensee

  • White Papers // Dec 2010

    Low-Wage Import Competition, Inflationary Pressure, And Industry Dynamics In Europe

    What is the impact of import competition from Low-Wage Countries (LWCs) on inflationary pressure in Europe? This paper examines whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden, and the United Kingdom. In a panel covering...

    Provided By Study Center Gerzensee

  • White Papers // Nov 2009

    Deciding To Peg The Exchange Rate In Developing Countries: The Role Of Private-Sector Debt

    The authors argue that a higher share of the private sector in a country's external debt raises the incentive to stabilize the exchange rate. They present a simple model in which exchange rate volatility does not affect agents' welfare if all the debt is incurred by the government. Once they...

    Provided By Study Center Gerzensee

  • White Papers // Aug 2009

    Product Heterogeneity, Within-Industry Trade Patterns, And The Home Bias Of Consumption?

    Starting with Krugman (1980), much literature has analyzed how trade liberalization affects the economy based on the notion that trade is motivated by consumer's love of variety. In this paper, the author augments these preferences by the determinants of demand for heterogeneous products. The model features products with heterogeneous attributes...

    Provided By Study Center Gerzensee

  • White Papers // Nov 2010

    Compulsory Voting And Public Finance

    Conventional wisdom suggests that compulsory voting lowers the influence of special-interest groups and leads to policies that are better for less privileged citizens, who often abstain when voting is voluntary. To scrutinize this conventional wisdom, the author studies public goods provision and rents to special-interest groups in a probabilistic voting...

    Provided By Study Center Gerzensee