This paper re-evaluates the US external deficit which has considerably widened over the 1990s. US safe asset provision to the rest of the world is the dominant explanation for the persistent nature of the US external deficit. We suggest that apart from the safe asset hypothesis, there is an important role for technology shocks originating in US multinational companies that have a strong foreign direct ...
This paper investigates the elusive role of productivity heterogeneity in new trade models in the trade and environment nexus. We contrast the Eaton-Kortum and the Melitz models with firm heterogeneity to the Armington and Krugman models without heterogeneity. We show that if firms have a constant emission share in terms of sales — as they do in a wide range of trade and environment models — the three ...
Der Beitrag untersucht die Rolle der Sozialpartnerschaft zur Reduzierung von Treibhausgasemissionen in Mitgliedsstaaten der Europäischen Union. Einerseits können die Sozialpartner dazu beitragen den Übergang zu niedrigeren Emissionen zu erleichtern, indem sie mit den betroffenen Arbeitnehmern über die Kosten und den Nutzen von Maßnahmen zur Verringerung des Klimawandels verhandeln. Andererseits ist ...
