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Intro; Contents; Global Implications of U.S. Trade Policies for Reducing Structural Trade Imbalances; 1 Introduction; 2 The Methodology; 3 The Baseline Projection; 4 Scenario 1: 30% Reduction in Imports-No Discrimination; 5 Scenario 2: The United States Reduces Its Import Share from China, Mexico and Germany, and These Countries Do Not Retaliate; 6 Scenario 3: The United States Lowers Imports from China, Mexico and Germany by 30%, and These Countries Retaliate; 7 Conclusions; Appendix; References; The Dutch Disease in Reverse: Iceland's Natural Experiment; 1 Background; 2 A Prototype Model.
2.1 Output and Employment in the Secondary Sector2.2 Primary Output and Capital Flows; 2.3 The Intertemporal Budget Constraint and the Real Exchange Rate; 2.4 Volatility in the Real Exchange Rate and Secondary Sector; 3 Empirical Evidence; 4 Conclusion and Discussion; References; Skill Polarization and Inequality: Are They Real and Inevitable?; 1 Introduction; 2 Taylor, Ford and Internet: Three Industrial Revolutions; 3 The Change in Governance; 4 The Globalized Economy; 5 The Internet Revolution; 6 The Proliferation of Low Level Jobs; 7 A Model of Participation and Polarization.
7.1 An Alternative Model of Dual Option Value8 Conclusions; References; Global Macroeconomic Effects of Exiting from Unconventional Monetary Policy; 1 Introduction; 2 Model Setup; 2.1 Households and International Liquidity; 2.2 Public Sector Supply and Demand of (International) Liquidity; 2.3 Bond Market Clearing Conditions; 2.4 Calibration; 3 Results; 3.1 Simulated Scenarios; 3.2 Benchmark Simulation: Domestic (EA) Effects; 3.3 Early Exit from Bond Holdings; 3.4 Normalization of US Monetary Policy; 4 Conclusions; References; On the Sources of Political Discontent in Europe; 1 Introduction.
2 Economics and Politics3 Empirics; 3.1 Attitudes Towards Further European Integration; 3.2 Attitudes Towards National Governments; 3.3 Economic and Cultural Factors; 4 Concluding Remarks; Appendix; References; Land, Housing, Growth and Inequality; 1 Introduction; 2 Motivations and Relevant Literature; 3 The Model; 3.1 Firms; 3.2 Workers; 3.3 Capitalists; 3.4 Government; 3.5 Market-Clearing Conditions; 4 The Equilibrium Path of the Economy; 4.1 Optimality; 4.2 Balanced Growth Path.
2.1 Output and Employment in the Secondary Sector2.2 Primary Output and Capital Flows; 2.3 The Intertemporal Budget Constraint and the Real Exchange Rate; 2.4 Volatility in the Real Exchange Rate and Secondary Sector; 3 Empirical Evidence; 4 Conclusion and Discussion; References; Skill Polarization and Inequality: Are They Real and Inevitable?; 1 Introduction; 2 Taylor, Ford and Internet: Three Industrial Revolutions; 3 The Change in Governance; 4 The Globalized Economy; 5 The Internet Revolution; 6 The Proliferation of Low Level Jobs; 7 A Model of Participation and Polarization.
7.1 An Alternative Model of Dual Option Value8 Conclusions; References; Global Macroeconomic Effects of Exiting from Unconventional Monetary Policy; 1 Introduction; 2 Model Setup; 2.1 Households and International Liquidity; 2.2 Public Sector Supply and Demand of (International) Liquidity; 2.3 Bond Market Clearing Conditions; 2.4 Calibration; 3 Results; 3.1 Simulated Scenarios; 3.2 Benchmark Simulation: Domestic (EA) Effects; 3.3 Early Exit from Bond Holdings; 3.4 Normalization of US Monetary Policy; 4 Conclusions; References; On the Sources of Political Discontent in Europe; 1 Introduction.
2 Economics and Politics3 Empirics; 3.1 Attitudes Towards Further European Integration; 3.2 Attitudes Towards National Governments; 3.3 Economic and Cultural Factors; 4 Concluding Remarks; Appendix; References; Land, Housing, Growth and Inequality; 1 Introduction; 2 Motivations and Relevant Literature; 3 The Model; 3.1 Firms; 3.2 Workers; 3.3 Capitalists; 3.4 Government; 3.5 Market-Clearing Conditions; 4 The Equilibrium Path of the Economy; 4.1 Optimality; 4.2 Balanced Growth Path.