The Impact of Service and Goods Offshoring on Employment: Firm-Level Evidence
Ilke Van Beveren,
Stijn Vanormelingen and
Carmine Ornaghi | 29 May 2017
Trade,
Research Papers | Tags:
Employment,
Services Trade
Advances in communication technology have led to a remarkable increase in the tradability of services, resulting in a substantial increase in offshoring of services over the last two decades. Research investigating how this surge in service offshoring affects employment, has been largely hampered by the
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Intellectual Property Boxes and the Paradox of Price Discrimination
Ben Klemens | 15 May 2017
Fiscal,
Research Papers | Tags:
Corporate Taxes,
Innovation,
Patent Boxes,
Tax Competition,
Tax Expenditures
This paper considers the methods by which some existing laws and proposals offer different tax rates to different types of capital, a scheme variously known as a patent box, innovation box, or intellectual property box (IP box). It presents a model of international tax competition—what
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The Effects of Exporting on Labour Productivity: Evidence from German Firms
Johannes Schwarzer | 24 March 2017
Trade,
Research Papers | Tags:
Employment,
Productivity,
Services Trade
We revisit the "self-selection vs. learning-by-exporting (LBE)" debate with new evidence on a large panel of German firms of all economic sectors up to the 3-digit NACE level, between 1993-2014, and shed new light on the channels that foster export-induced productivity gains.
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Impact of Linking into Global Value Chains on Indian Employment
Karishma Banga | 11 January 2017
Trade,
Research Papers | Tags:
Employment,
Global Value Chains,
Services Trade
This study examines the industry-level impact of linking into GVCs for the Indian labour market, spanning the period 1995-2011. The analysis includes manufacturing, services, agriculture and allied activities.
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Monetary Policy According to HANK
Greg Kaplan,
Benjamin Moll and
Giovanni L. Violante | 10 March 2016
Monetary,
Research Papers | Tags:
Inequality,
Interest Rates
We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to consume because of two key features: multiple assets with different degrees of liquidity
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Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Klaus Adam and
Junyi Zhu | 17 September 2015
Monetary,
Research Papers | Tags:
Inequality,
Inflation
We document the presence of sizable nominal wealth redistribution effects from unexpected price level movements in the Euro Area (EA), using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net loser of unexpected
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Does Unconventional Monetary Policy Affect Inequality? Evidence from Japan
Ayako Saiki and
Jon Frost | 17 October 2014
Monetary,
Research Papers | Tags:
Inequality,
QE
Inequality has been largely ignored in the literature and practice of monetary policy, but is gaining more attention recently. Here, we exclusively focus on the impact of unconventional monetary policy (UMP) on inequality. We look at how the recent UMP in Japan affected inequality, using
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Inflation and Income Inequality in Developed Economies
Pierre Monnin | 15 May 2014
Monetary,
Research Papers | Tags:
Inequality,
Inflation
This paper explores the empirical link between income inequality and inflation in ten OECD countries over the period 1971 to 2010. In addition to inflation, we include six control variables
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