Comparative CEPR
Title | Comparative CEPR PDF eBook |
Author | P. Auer |
Publisher | |
Pages | 96 |
Release | 1999 |
Genre | |
ISBN |
CEPR Publication
Title | CEPR Publication PDF eBook |
Author | |
Publisher | |
Pages | 500 |
Release | 1982 |
Genre | Econometrics |
ISBN |
Guaranteed to Fail
Title | Guaranteed to Fail PDF eBook |
Author | Viral V. Acharya |
Publisher | Princeton University Press |
Pages | 233 |
Release | 2011-03-14 |
Genre | Business & Economics |
ISBN | 1400838096 |
Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.
Comparative Analysis of Labour Market Outcome
Title | Comparative Analysis of Labour Market Outcome PDF eBook |
Author | Giuseppe Bertola |
Publisher | |
Pages | 75 |
Release | 2001 |
Genre | |
ISBN |
The Collapse of Global Trade, Murky Protectionism, and the Crisis
Title | The Collapse of Global Trade, Murky Protectionism, and the Crisis PDF eBook |
Author | Richard E. Baldwin |
Publisher | |
Pages | 112 |
Release | 2011-03 |
Genre | Business & Economics |
ISBN | 9781907142239 |
The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
The Globotics Upheaval
Title | The Globotics Upheaval PDF eBook |
Author | Richard E. Baldwin |
Publisher | Oxford University Press, USA |
Pages | 305 |
Release | 2019 |
Genre | BUSINESS & ECONOMICS |
ISBN | 0190901764 |
"Digital technology will bring globalisation and robotics (globotics) to previously shielded professional and service sectors. Jobs will be displaced at the eruptive pace of digital technology while they will be replaced at a normal historical pace. The mismatch will produce a backlash - the globotics upheaval"--
Comparative Advantage and Heterogeneous Firms
Title | Comparative Advantage and Heterogeneous Firms PDF eBook |
Author | Andrew B. Bernard |
Publisher | |
Pages | 0 |
Release | 2006 |
Genre | |
ISBN |
This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than comparative disadvantage industries, and magnify ex ante comparative advantage to create additional welfare gains from trade. The relative ascendance of high-productivity firms within industries boosts aggregate productivity and drives down consumer prices. In contrast with the neoclassical model, these price declines dampen and can even reverse the real wage losses of scarce factors as countries liberalize.