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2 edition of Comments on Obstfeld and Rogoffs The six major puzzles in international macroeconomics found in the catalog.

Comments on Obstfeld and Rogoffs The six major puzzles in international macroeconomics

Charles Engel

Comments on Obstfeld and Rogoffs The six major puzzles in international macroeconomics

is there a common cause?"

by Charles Engel

  • 158 Want to read
  • 28 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Obstfeld, Maurice.,
  • International trade -- Econometric models.,
  • Prices -- Econometric models.,
  • Purchasing power parity -- Econometric models.,
  • Tariff -- Econometric models.,
  • Non-tariff trade barriers -- Econometric models.,
  • Transportation -- Econometric models.,
  • Capital market.

  • Edition Notes

    Other titlesSix major puzzles in international macroeconomics: is there a common cause?
    StatementCharles Engel.
    GenreEconometric models.
    SeriesNBER working paper series -- 7818, Working paper series (National Bureau of Economic Research) -- working paper no. 7818.
    ContributionsNational Bureau of Economic Research.
    The Physical Object
    Pagination14 p. ;
    Number of Pages14
    ID Numbers
    Open LibraryOL22405449M

      International Macroeconomics c Marc-Andreas Muendler MATERIALS Lecture notes become available online at StudyNet before each lecture. Textbooks (required): Obstfeld and Rogoff ()/Chapters 1, 2 and 4; Uribe and Schmitt-Grohe ()/Chap-´ ters 2, 3, 4, 7 and ://   Abstract. The previous two chapters mainly focuses on real economy, looking for the causes of global trade and imbalances from the angle of international labor division and technological innovation, this chapter studies global imbalances and economic crisis from the perspective of currency hegemony with analyses of currency and ://

    Kenneth Rogoff (), ‘The Purchasing Power Parity Puzzle’ David K. Backus, Patrick J. Kehoe and Finn E. Kydland (), ‘International Real Business Cycles’ Maurice Obstfeld and Kenneth Rogoff (), ‘The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?’ (). Comments on Obstfeld and Rogoff‟s „The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?‟” (). Competitive Entry and

      Obstfeld and Rogoff, “Exchange Rate Dynamics Redux, JPE Obstfeld and Rogoff, “The six major puzzles in international macroeconomics: Is there a common cause?” NBER Working Paper , Betts, C. and M. Devereux, “Exchange rate dynamics in a model of pricing-to-market,” JIE February ~dbackus//Tesar syllabus doc  Web view.   Obstfeld, Maurice and Kenneth Rogoff, "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?" in Ben Bernanke and Kenneth Rogoff (eds.), NBER Macroeconomics Annual (Cambridge: MIT Press), pp. (Comments ). Obstfeld, Maurice and Kenneth Rogoff, "New Directions for Stochastic Open Economy Models ~bsorense/readingsMacroIIIpdf.


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Comments on Obstfeld and Rogoffs The six major puzzles in international macroeconomics by Charles Engel Download PDF EPUB FB2

The Six Major Puzzles in International Macroeconomics * competition plus sticky prices and/or wages, as in the extensive recent literature on the "new open-economy macroeconomics."   NBER Program(s):International Finance and Macroeconomics.

The paper offers comments on Obstfeld and Rogoff (). The comments primarily focus on three issues: (a) How do we reconcile the numerical examples of OR, which show quantitatively plausible resolutions to the major puzzles arising from costs of trade, with previous studies that have   The Six Major Puzzles in International Macroeconomics: Is There a Common Cause.

Maurice Obstfeld, Kenneth Rogoff. NBER Working Paper No. Issued in July NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics, International Trade and Investment, Monetary Economics COVID Resources.

Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus Abstract.

The paper offers comments on Obstfeld and Rogoff (). The comments primarily focus on three issues: (a) How do we reconcile the numerical examples of OR, which show quantitatively plausible resolutions to the major puzzles arising from costs of trade, with previous studies that have found trade costs do not get us very far??abstract_id= In general, however, although the existence of a border effect is consistent with other empirical puzzles in macroeconomics (Obstfeld and Rogoff, ;van Wincoop and Iwamoto, ), the economics Downloadable.

The paper offers comments on Obstfeld and Rogoff (). The comments primarily focus on three issues: (a) How do we reconcile the numerical examples of OR, which show quantitatively plausible resolutions to the major puzzles arising from costs of trade, with previous studies that have found trade costs do not get us very far.

(b) Does the solution proposed by OR solve the   Obstfeld, Maurice, Kenneth Rogoff, Ben Bernanke, and Kenneth Rogoff. “The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?” NBER Macroeconomics AnnualCambridge, MA: MIT :// Downloadable.

The central claim in this paper is that by explicitly introducing costs of international trade (narrowly, transport costs but more broadly, tariffs, nontariff barriers and other trade costs), one can go far toward explaining a great number of the main empirical puzzles that international macroeconomists have struggled with over twenty-five :// Obstfeld and Rogoff () propose that trade frictions lie behind key puzzles in international macroeconomics.

We take a dynamic multicountry model of international trade, production, and investment to data from 19 countries to assess this proposition :// The Six Major Puzzles in International Macroeconomics: Is There a Common Cause. Article (PDF Available) in NBER Macroeconomics Annual 15(1) March (*) Obstfeld and Rogoff chapters ; Obstfeld M.

and K. Rogoff, “The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?” NBER Macro Annual 4. Nominal Exchange Rates and International Asset Pricing. Wed. Sep. 16 and (*) Obstfeld and Rogoff   The Six Major Puzzles in International Macroeconomics: Is There a Common Cause.

Maurice Obstfeld, Kenneth Rogoff. Chapter in NBER book NBER Macroeconomics AnnualVolume 15 (), Ben S. Bernanke and Kenneth Rogoff, editors (p.

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Comments On Obstfeld And Rogoff S The Six Major Puzzles In International Maurice Obstfeld & Kenneth Rogoff, "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?," International TradeUniversity Library of Munich, Germany.

Maurice Obstfeld & Kenneth Rogoff, "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?," NBER Working PapersNational Bureau of Economic Research, ://   Obstfeld and Rogoff have once again written an important paper that undoubtedly will be highly influential in developing our understanding of many of the major puzzles in international macroeconomics.

They highlight the fact that goods markets for consumers appear to be very far from being perfectly integrated, and show how this imperfection can ().

Comments on Obstfeld and Rogoff’s “The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?”’, NBER Working Paper No (). Do Trade Costs in Goods Market Lead to Home Bias (). Does a Currency Union Affect Trade. Downloadable.

In this paper, the following question is posed: Can the New Keynesian Open Economy Model by Galí and Monacelli (b) explain “Six Major Puzzles in International Macroeconomicsâ€, as documented in Obstfeld and Rogoff (b). The model features a small open economy with complete markets, Calvo sticky prices and monopolistic :// Putting Up a Good Fight: The Galí-Monacelli Model versus “The Six Major Puzzles in International Macroeconomics” Article April with 26 Reads How we measure 'reads' The Six Major Puzzles in International Macroeconomics: Is There a Common Cause.

Article (PDF Available) in NBER Macroeconomics Annual. M. Obstfeld and K. Rogoff (), “The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?” NBER Macroeconomics Annual, 15, – 6. Exchange rates: Interest rate parity, real exchange rates, purchasing power parity IM chapter 9.

Alessandria, G. and J. Kaboski (), “Why Are Goods so Cheap in Some Countries?”Engel C (), ‘Comments on Obstfeld and Rogoff's ‘The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?’’, NBER Working Paper No Fazio G, R MacDonald and J Melitz (), ‘Trade Costs, Trade Balances and Current Accounts: An Application of Gravity to Multilateral Trade’, CESifo Working Paper No   Textbook: A good textbook to have is Foundations of International Macroeconomics, by Maurice Obstfeld and Kenneth Rogoff, MIT Press, This book is a useful reference for many of the topics in international macroeconomics.

The course will also be heavily based on the list of articles that appears in the Course ~dbackus//Burstein syllabus pdf.