Global Trade and GDP Co-Movement

No . 77 Global CO 2 - Trade and Local Externalities Reto

The burning of fossil fuels not only causes CO2 emissions but at the same time impairs local environmental quality such as ambient air quality. The present paper analyzes the possible distortion arising from international trade in CO2 emissions when local externalities persist. It is theoretically derived that the maximal possible distortion is determined by the difference in factor endowment a...

Global Trade Comes Home: Community Impacts of Goods Movement

Co-Movement, Spillovers and Excess Returns in Global Bond Markets∗

This paper investigates global term structure dynamics using a Bayesian hierarchical factor model augmented with macroeconomic fundamentals. More than half of the variation in bond yields of seven advanced economies is due to global co-movement, which is mainly attributed to shocks to non-fundamentals. Global fundamentals, especially global inflation, affect yields through a ‘policy channel’ an...

Trade :union:s, trade :union: movement, trade :union:s, political sphere of Iran

The research, which is written using the approach of historical sociology and descriptive and analytical methods, examines the interactions of trade unions after the Islamic Revolution. The examinations show that the first trade unions or trade unions emerged in England in the early eighteenth century. In Iran, too, the tendency towards trade unions is related to the years before the Constituti...

Investigating The Co- Movement And Causality Between Iran And Germany