Globalization, Trade Imbalances and Labor Market Adjustment
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We argue that modeling trade imbalances is crucial to understanding transitional dynamics in response to globalization shocks. We build and estimate a general equilibrium, multi-country, multi-sector model of trade with two key ingredients: (a) endogenous trade imbalances arising from households'
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美国国家经济研究局创建时间：
2021-01-01
