Prior to coming to houston, i held positions with the federal reserve banks of new york, philadelphia, and minneapolis. The decline in long term real interest rates viewpoints. Zhang, economic perspectives, federal reserve bank of chicago, 2017, 41 2. Dietz vollrath, professor of economics and department chair published a new book, fully grown. Anderson chair in economics at the university of houston. Journal of international economics trade and labor. Why a stagnant economy is a sign of success by the university of chicago press in january 2020. Edited by richard baldwin aimee larsen dony alex andrei. After controlling for fundamental and microstructure factors, the study also finds that stocks. This summary highlights existing and ongoing minneapolis fed research pertinent to the question of monetary policy and employment.
Follow the bouncing ball trade and the great recession redux. Understanding global trends in longrun real interest rates, with keimu yi, economic perspectives 2017, vol 41, no 2. There are 2 versions of this paper can vertical specialization explain the growth of world trade. This book has been cited by the following publications. Can vertical specialization explain the growth of world trade. Entrepreneurs incomes and returns to human capital. Anderson professor of economics at uh, has been appointed as of may 1, 2016 to be a research associate at the national bureau of economic research nber. Federal reserve bank of dallas globalization and monetary. The growth of international trade is, in part, a consequence of the dramatic reduction in transport and communications costs over the past several decades. He also serves as a consultant in the research department of the federal reserve bank of minneapolis, where he held the positions of senior vice president and director of research, as well as special policy advisor to the president, from august 2010 to january 2016.
Kehoe, editors, modeling north american economic integration, kluwer academic publishers, 1995, 1. Reprinted in recent developments in the economics of structural change, the international library of critical writings in economics, edited by kei mu yi, cheltenham. Anderson professor of economics at the university of houston, and am a research associate with the iti and ifm programs at the nber. Michelleconnolly academic cv feb 2017 duke university. Big ideas simply explained hardcover august 20, 2012. The goal of this book published just before the wto. The federal reserve bank of dallas established the globalization institute in 2007 for the purpose of better understanding how the process of deepening economic integration between the countries of the world, or globalization, alters the environment in.
This issue is a selection of papers from a trade and labor markets conference held at the national bureau of economic research nber in october 2017. Established in 1983, cepr is a european economics research organization. Real interest rates over the long run, economic policy paper 1610, federal reserve bank of minneapolis. Its a textbook, but i read it almost like any other book and it gets straight to. Kenneth singleton, naotaka sugawara, hui tong, kamil yilmaz, kei mu yi, boyang zhang, tianli zhao, and many colleagues and participants at seminars and conferences for useful. Michelle connolly and keimu yi, how much of south koreas growth miracle can be explained. In philadelphia, i was the head of the macro section, and in. This list is generated based on data provided by crossref. My international trade reading list marginal revolution. The nber is the nations leading nonprofit economic research organization. The economics of free trade i part iii trade frictions and transition pains. For details on country data and classification, see the appendix.
Can vertical specialization explain the growth of world. The international library of critical writings in economics, edited by keimu yi, cheltenham. Industrialization through vertical production networks. Connolly, michelle and keimu yi, how much of south koreas growth miracle can be. The collapse of global trade, murky protectionism, and the crisis. Structural change and deindustrialization, 2019 meeting papers 28, society for economic dynamics. The users guide by hajoon chang bloomsbury press, august 2014. Yi, keimu 2003, can vertical specialization explain the growth of world.
Cepr is a european economics research organization with uniquely wideranging scope and activities. Krugman, wells micro economics study guide kan ning an kai li gu xiao bo deng yi on. Cambridge core international economics trading spaces by sonal s. The decline in long term real interest rates causes of decline in long term real interest rates secular stagnation lack of aggregate demand debt overhang shortage of safe assets supply side issues income inequality deleveraging low productivity growth demographics demassification of economy increased savings decreased investments low foreign economic growth liquidity trap. The trade comovement problem in international macroeconomics. The collapse of global trade, murky protectionism, and the. The cost of transport and the ability to coordinate activities across vast distances have also been factors in shaping supply chains. Other publications understanding global trends in longrun real interest rates with j. Income and substitution effects of international financial integration.
Effective protection redux1, journal of international economics, elsevier, vol. Real interest rates over the long run economic policy paper, federal reserve bank of minneapolis. Stages of economic growth we classify the countries in our sample into four stages of economic growth. Nj international economics section at the department of economics of princeton university. Yeaple, stephen 2003, the complex integration strategies of multinationals and cross country dependencies in the structure of fdi, journal of international economics 602. International journal of economics and finance, 2010. The economics of special privilege and rent seeking boston. Department of economics, university of houston, more information at edirc access statistics for papers by keimu yi. The economics department is pleased to announce the appointment of dr. Journal of international economics vol 68, issue 2. Federal reserve banks federal reserve bank of minneapolis. How much of south koreas growth miracle can be explained. Michelle connolly and kei mu yi1 september 17, 2008 1preliminary and incomplete.
The metamorphosis of chinas trade policy springerlink. Working papers articles software chapters books working papers. This cited by count includes citations to the following articles in scholar. Keimu yi federal reserve bank of minneapolis topic. Connolly and yi simulate the tariff reductions that were implemented between 1962 and 1989 and. This site is meant to provide assistance to students in the a level economics 9708 paper. The nature and growth of vertical specialization in world. Journal of international economics, november 1993, 35 34, 201225. Professor keimu yi course description macroeconomics is the economics of entire countries. Alston, melo, mueller and pereira book teams are expected to read the book. The research activities of the nber are organized into a series of twenty research programs and fifteen working groups. Keimu yi appointed to be a research associate at the. The nature and growth of vertical specialization in world trade, journal of international economics 541. Yi, kei mu, can vertical specialization explain the growth of world trade.
This conference was part of a nber research project on the consequences of international trade for labor markets in the united states funded by the smithrichardson foundation. The centre is pluralist and nonpartisan, bringing economic research to bear on the analysis of. Parker book cambridge university press lucila the economics of entrepreneurship, chapter. Offshoring in a ricardian world national bureau of. Rahul giri kei mu yi international monetary fund university of houston, federal reserve banks of dallas and minneapolis and nber hakan yilmazkuday florida international university march 7, 2018 abstract this paper assesses the quantitative importance of including sectoral in heterogeneity computing het gains from trade.
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