We ask how the potential benefits from cross-border asset trade are affected by the presence of non-traded income risk in incomplete markets. We show that the mean consumption growth may be lower with full integration than in financial autarky. This can occur because: the hedging demand for risky high-return projects may fall as the investment opportunity set increases, and precautionary saving...

A canonical two country-two good model with standard preferences does not address three classic international macroeconomic puzzles as well as two well-known asset pricing puzzles. Specifically, under financial autarky, it does not account for the high real exchange rate (RER) volatility relative to consumption volatility (RER volatility puzzle), the negative RER-consumption differentials corre...

The paper investigates the effects of international trade in goods and capital movement on the productivity distribution and industry-wide productivity when countries are heterogeneous in the quality of their financial institutions. In autarky, firm heterogeneity in their productivities arises in countries with poor financial institutions, while all firms adopt a high-productivity technology in...

It is widely argued that countries can reap large gains from liberalizing their capital accounts if financial globalization is accompanied by the development of domestic institutions and financial markets. However, if liberalization does not lead to speedier financial development, globalization can result in adverse effects on distribution and welfare within and across countries. We use a multi...

Citation: Nguyen MT, Allemann L, Ziemba C, Larivé O, Morgenroth E and Julian TR (2017) Controlling Bacterial Pathogens in Water for Reuse: Treatment Technologies for Water Recirculation in the Blue Diversion Autarky Toilet. Front. Environ. Sci. 5:90. doi: 10.3389/fenvs.2017.00090 Controlling Bacterial Pathogens in Water for Reuse: Treatment Technologies for Water Recirculation in the Blue Diver...

An autarky is a partial assignment to the variables of a Boolean CNF formula that satisfies every clause containing an assigned variable. For an unsatisfiable formula, an autarky provides information about those clauses that are essentially independent from the infeasibility; clauses satisfied by an autarky are not contained in any minimal unsatisfiable subset (MUS) or minimal correction subset...

An algorithm called \Modoc", which has been introduced elsewhere, enhances propositional model elimination with autarky pruning, and other features. The model elimination method is based on linear resolution, and is designed to produce refutations of formulas in conjunctive normal form (CNF). Informally, an autarky is a \self-su cient" model for some clauses, but which does not a ect the remain...

We analyze the impact of trade in a differentiated good on environmental policy when there is local and transboundary pollution. In autarky, the (equivalent) pollution tax is set equal to the marginal damage from own emissions. If the strategic policy instrument is a tax, leakage occurs under trade and tends to lower the tax. The net terms of trade effect, due to the exportable and importable v...

Methodology is developed to attempt to construct simultaneously either a refutation or a model for a propositional formula in conjunctive normal form. The method exploits the concept of \autarky", which was introduced by Monien and Speckenmeyer. Informally, an autarky is a \self-suucient" model for some clauses, but which does not aaect the remaining clauses of the formula. Whereas their work w...