The labor supply response to agricultural wages is critical to the viability of crop production
in high-income countries, which hire a largely foreign farm work force, as well as in low …

This paper investigates the relationship between trade openness and labor productivity by
accounting for the level of openness and the structure of exports in 61 develo** countries …

The domestic and international transmission mechanism of fiscal policy shocks are analysed
in the United States and in Germany. Using a Bayesian VAR approach, we find that in both …

We analyse the transmission mechanism of commodity price shocks in inflation targeting
emerging economies. Using a panel vector autoregression, we find that for a commodity …

We examine the implications of the US shale oil boom for the US economy, trade balances,
and the global oil market. Using comprehensive data on different types of crude oil, and a …

Many countries have used energy subsidies to cushion the effects of high energy prices on
households and firms. We use a New Keynesian DSGE modeling framework to identify the …

Despite the typically more pronounced aggregate fluctuations in emerging market
economies (EMEs), this paper documents that EMEs exhibit lower relative volatility and …

We examine the relevance of Dutch Disease through the lens of an open-economy
multisector model that features unemployment due to labor market frictions. Bayesian …

We build a multi-sector, open economy model that captures the effects of a commodity boom
on unemployment when there is also ongoing structural change. We use Bayesian methods …

Purpose We examine the twin deficits and the direction of its movement for the case of
Bolivia, a natural resource-dependent country, using the database of (Kehoe et al., 2019) …