Academic Research

WP No 001-08: The Greater the Differences, the Greater the Gains?

This paper addresses the fundamental question of whether, in a comparative-advantage context, the gains from trade will be greater when the differences between trading countries are greater.

- by Wilfred J. Ethier

WP No 002-08: Trade and Investment Cooperation in East Asia

This paper attempts to provide a context for the discussion of possible trade and investment cooperation is East Asia.

- by Wilfred J. Ethier

WP No 003-08: Stability of Nations and Genetic Diversity

This paper presents a model of nations where culturally heterogeneous agents vote on the optimal level of public spending.

- by Klaus Desmet, Michel Le Breton, Ignacio Ortuño-Ortín, Shlomo Weber

WP No 004-08: Linguistic Diversity and Redistribution

This paper investigates the effect of linguistic diversity on redistribution in a broad cross-section of countries.

- by Klaus Desmet, Ignacio Ortuño-Ortín, Shlomo Weber

WP No 005-08: Voting on the Choice of Core Languages in the European Union

Extensive multilingualism is one of the most important and fundamental principles of the European Union (EU)...

- by Jan Fidrmuc, Victor Ginsburgh, Shlomo Weber

WP No 006-08: The Use and Abuse of Taylor Rules:How Precisely Can We Estimate Them?

This paper draws attention to inconsistencies in estimating simple monetary policy rules and their implications for policy advice.

- by Alina Carare, Robert Tchaidze

WP No 007-08: Estimating Iceland’s Real Equilibrium Exchange Rate

Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values...

- by Robert Tchaidze

WP No 008-08: International convergence and local divergence

This paper presents an East-West endogenous-growth model that reproduces recent stylized facts applicable to the trade liberalization process of many developing countries: convergence with the rest of the world, higher internal divergence, increasing spatial concentration of economic activity and higher growth rates.

- by Adolfo Cristobal‐Campoamor

WP No 009-08: Skill‐Upgrading and the Saving of Immigrants

This note derives positive implications about the effect of immigration on labor income and the skill composition of the labor force in receiving economies.

- by Adolfo Cristobal‐Campoamor

WP No 010-08: Trade and Migration: a U‐Shaped Transition in Eastern Europe

This paper proposes a 2-country 3-region economic geography model that can account for the most salient stylized facts experienced by Eastern European transition economies during the 1990s.

- by Adolfo Cristobal‐Campoamor

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