Submit a Story!

VoxEU.org: Recent Articles Latest Blog Posts

Add as Favorite Claim Blog Help

http://www.VoxEU.org/ - Recent articles added to VoxEU.org

Click on the "vote it up" button to submit a story below to our homepage.

If you're the owner of VoxEU.org: Recent Articles, claim your blog to unlock additional tools and reports.

Banking crises and exports: Lessons from the past for the recent trade collapse
Leonardo Iacovone , Veronika Zavacka , 27 November 2009 Was the global credit crunch a cause of the great trade collapse? This chapter addresses this question by drawing on evidence from 23 historical banking crisis. It shows that export growth was particularly slow in sectors that were ...
WallStreetBlips: vote it up!

Why was Japan’s trade hit so much harder?
Ruyhei Wakasugi , 27 November 2009 Japan was hit hard by the crisis, especially on the trade side. This chapter shows how tumbling US import demand hurt Japanese exports directly and via indirect exports of goods assembled in China for the US market (so-called “trade triad”). An investigation ...
WallStreetBlips: vote it up!

Crisis-era protectionism one year after the Washington G20 meeting
Simon J Evenett , 27 November 2009 Drawing upon the latest data on protectionism from the Global Trade Alert database, this chapter reports the extent to which governments have altered the discrimination against foreign commercial interests during the sharp global downturn and nascent recovery ...
WallStreetBlips: vote it up!

The trade response to global downturns
Caroline Freund , 27 November 2009 Examination of previous global trade collapses provides insight into why trade has dropped so dramatically this time – and what is likely to happen in the coming years to trade and global imbalances. The findings suggest that the real trade drop in 2009 is ...
WallStreetBlips: vote it up!

Follow the bouncing ball – trade and the great recession redux
Joseph Francois , Julia Woerz , 27 November 2009 According to some measures, the trade collapse that started in late 2008 has shifted into a rapid recovery phase. The simplest explanation that fits the facts is that trade has followed the sector composition of the recession. The recession has ...
WallStreetBlips: vote it up!

Africa and the trade crisis
Gilberto Biacuana , Peter Draper , 27 November 2009 Africa has been hard hit; export revenue collapsed as both prices and volumes of commodity exports dived and emigrant remittances shrunk. National budgets were hit as tariff revenue fell with imports and overseas development assistance ...
WallStreetBlips: vote it up!

Government policies and the collapse in trade during the Great Depression
Kevin H. O’Rourke , 27 November 2009 Today’s great trade collapse has brought world trade to a point that is still substantially below the corresponding period during the Great Depression. The collapse, however, seems to be turning around along with the economic recovery. This chapter draws two ...
WallStreetBlips: vote it up!

Prospects for the global trading system
Anne Krueger , 27 November 2009 Collapsing trade worsened the crisis, but trade’s revival could do much to shore up prospects for a sustained upturn. Unlike many of the stimulus measures, reviving the Doha Round and strengthening the open multilateral system can be achieved with little, if any, ...
WallStreetBlips: vote it up!

Global trade in the aftermath of the global crisis
Jeffry A. Frieden , 27 November 2009 Re-balancing global trade will be difficult, generating substantial protectionist pressures. To manage these pressures, governments must maintain domestic political support for an open world economy. This in turn requires flexible responses to national ...
WallStreetBlips: vote it up!

The dollar and the budget deficit
Fred Bergsten , 27 November 2009 Current US fiscal policy is likely to produce current account deficits rising to $1 trillion by 2015 and $3 trillion by 2025; net foreign debt would reach $15 trillion by 2020, taking the US’s foreign-debt-to-GDP ratio far beyond the threshold that normally ...
WallStreetBlips: vote it up!

Why DSGE models should include defaults
VoxEU.org — Charles A.E. Goodhart , Dimitri Tsomocos , 26 November 2009 Standard DSGE models do not include the... possibility of default. This column says that makes them useless for analysing financial crises. It proposes explicitly incorporating default and ... (more) Why DSGE models should include defaults
Where does energy R&D come from?
David Popp , 26 November 2009 How will proposed increases in energy R&D; funding affect other types of R&D; spending? This column provides evidence that should dampen concerns about crowding out – increased R&D; in response to policies designed to enhance clean-energy innovation most likely ...
WallStreetBlips: vote it up!

Why don’t academic scientists share information with their colleagues?
VoxEU.org — Carolin Haeussler , Lin Jiang , Jerry G. Thursby , Marie Thursby , 25 November 2009 Sharing... of information is critical to scientific progress, but scientists have private incentive to avoid disclosing research. This column analyses the benefits and ... (more) Why don’t academic scientists share information with ...
A defence of the FOMC: Bad forecasters can be good policymakers
VoxEU.org — Martin Ellison , Thomas J. Sargent , 24 November 2009 The Federal Reserve Open Market Committee has... been criticised for making forecasts that are inferior to Federal Reserve staff forecasts. This column argues that FOMC forecasts are worst-case ... (more) A defence of the FOMC: Bad forecasters can be good ...
The benefits of government outsourcing
Emmanuelle Auriol , Pierre M. Picard , 24 November 2009 Many rich countries have chosen to outsource public services. This column discusses the costs and benefits of such outsourcing policies and identifies when they improve welfare. Full Article: The benefits of government outsourcing
WallStreetBlips: vote it up!

How to finance higher education with deferred fees
Neil Shephard , 23 November 2009 The UK needs to address its budget deficit. This column, introducing a new CEPR Policy Insight, argues against cuts in government contributions to the tuition chargeable by universities, warning that they would make the UK poorer, economically and culturally. It ...
WallStreetBlips: vote it up!

Is the UK still in recession?
Domenico Giannone , Lucrezia Reichlin , Saverio Simonelli , 23 November 2009 The UK’s early estimate of GDP growth for the third quarter of 2009 still shows negative growth with a reading of -0.4%. This column combines the quarterly releases of GDP with timely survey data to form a “now-cast” ...
WallStreetBlips: vote it up!

How much greenhouse gas emission abatement is enough?
VoxEU.org — Richard S.J. Tol , 23 November 2009 Climate change will have widespread negative effects of uncertain magnitude.... But this column argues that climate change is not humanity’s biggest challenge and needs to be solved without impeding economic ... (more) How much greenhouse gas emission abatement is enough?
Stabilities and instabilities in the macroeconomy
VoxEU.org — Axel Leijonhufvud , 21 November 2009 Economics lacks an anchored understanding of the nature of the reality... that economics is supposed to illuminate. This column, which introduces a new CEPR Policy Insight, says that instability of leverage, ... (more) Stabilities and instabilities in the macroeconomy
The global distribution of carbon emissions
The global distribution of carbon emissions
VoxEU.org — Jean-Marie Grether , Nicole A. Mathys , 21 November 2009 What is the geographical distribution of CO2... emissions? This column identifies the Earth’s “polluting centre of gravity” since 1970. It is heading east faster than GDP, which suggests that ... (more) The global distribution of carbon emissions
Page 1 of 3