Discussion Notes

Measuring and Understanding Trade in Service Tasks

, and | 24 May 2016
Discussion Notes, Trade | Tags: Employment, Services Trade
Improvements in Information and Communication Technologies (ICT) have had differential impacts on the costs of offshoring service tasks. As a result, services with stronger tradability characteristics are at a higher risk of being offshored. This has increased the need for coming up with proper measures ... continue reading

Trade and Employment. An Overview

| 29 February 2016
Discussion Notes, Trade | Tags: Employment
The bulk of economic research on the impacts of trade has for a long time neglected aggregate effects on jobs. While research grants an important role of trade for employment, empirical studies often struggle to attribute employment outcomes to trade policies in the long run. ... continue reading

The Impact of Interest Rates on Electricity Production Costs

| 25 June 2015
Discussion Notes, Monetary | Tags: Energy, Interest Rates
Putting the economy on an environmentally sustainable path requires substantial investments in green energy technologies. Long-term interest rates play a crucial role for energy investments. Against this background, we study the impact of interest rates on the costs of producing electricity with different technologies, using ... continue reading

Services Trade and Employment

| 7 June 2015
Discussion Notes, Trade | Tags: Employment, Global Value Chains, Services Trade
Driven by spectacular technological advances and the emergence and intensification of global value chains, trade in services has been the most dynamic part of global trade over recent years. All regions of the world have witnessed growth in services trade, albeit at different paces. Europe ... continue reading

Monetary Policy and Sustainability. The Case of Bangladesh

and | 31 May 2015
Discussion Notes, Monetary | Tags: Employment, Energy, Financial Inclusion
Central banks have wide ranging effects on the economy and society as a whole. Their decisions on monetary policy and sustainability are closely intertwined. Nonetheless, the links between the mandates, objectives and instruments of central banks and a broad sustainability agenda are rarely reflected in ... continue reading