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The Tradability Of Services: Geographic Concentration And Trade Costs
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Cited by:
- Taylor, Alan M. & Caliendo, Lorenzo & Feenstra, Robert & Romalis, John, 2021.
"A Second-best Argument for Low Optimal Tariffs,"
CEPR Discussion Papers
15697, C.E.P.R. Discussion Papers.
- Lorenzo Caliendo & Robert C. Feenstra & John Romalis & Alan M. Taylor, 2021. "A Second-best Argument for Low Optimal Tariffs," NBER Working Papers 28380, National Bureau of Economic Research, Inc.
- Sophie Piton, 2017.
"A European Disease? Non-tradable Inflation and Real Interest Rate Divergence,"
CESifo Economic Studies, CESifo Group, vol. 63(2), pages 210-234.
- Sophie Piton, 2016. "A European Disease? Non-tradable inflation and real interest rate divergence," Working Papers 2016-09, CEPII research center.
- Sophie Piton, 2016. "A European Disease?Non-tradable inflation and real interest rate divergence," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01321836, HAL.
- Sophie Piton, 2016. "A European Disease?Non-tradable inflation and real interest rate divergence," Post-Print halshs-01321836, HAL.
- Sophie Piton, 2016. "A European Disease? Non-tradable inflation and real interest rate divergence," Documents de travail du Centre d'Economie de la Sorbonne 16044, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Yilmazkuday, Hakan, 2012.
"Understanding interstate trade patterns,"
Journal of International Economics, Elsevier, vol. 86(1), pages 158-166.
- Yilmazkuday, Hakan, 2009. "Understanding Interstate Trade Patterns," MPRA Paper 15952, University Library of Munich, Germany.
- Hakan Yilmazkuday, 2011. "Understanding Interstate Trade Patterns," Working Papers 1104, Florida International University, Department of Economics.
- Antoine Gervais, 2018.
"Multiregional Firms And Region Switching In The U.S. Manufacturing Sector,"
Economic Inquiry, Western Economic Association International, vol. 56(2), pages 955-982, April.
- Antoine Gervais, 2015. "Multiregional Firms and Region Switching in the US Manufacturing Sector," Working Papers 15-22, Center for Economic Studies, U.S. Census Bureau.
- Xin Fu & Tangyou Wang & Hongxu Yang, 2023. "Does Service Trade Liberalization Promote Service Productivity? Evidence from China," Sustainability, MDPI, vol. 15(8), pages 1-22, April.
- Sposi, Michael, 2019.
"Evolving comparative advantage, sectoral linkages, and structural change,"
Journal of Monetary Economics, Elsevier, vol. 103(C), pages 75-87.
- Michael Sposi, 2015. "Evolving comparative advantage, sectoral linkages, and structural change," Globalization Institute Working Papers 231, Federal Reserve Bank of Dallas.
- Takeda, Kohei, 2022.
"The geography of structural transformation: effects on inequality and mobility,"
LSE Research Online Documents on Economics
118050, London School of Economics and Political Science, LSE Library.
- Takeda, Kohei, 2023. "The Geography of Structural Transformation: Effects on Inequality and Mobility," OSF Preprints 8nfx5, Center for Open Science.
- Kohei Takeda, 2022. "The geography of structural transformation: Effects on inequality and mobility," CEP Discussion Papers dp1893, Centre for Economic Performance, LSE.
- Hoekman,Bernard M., 2020.
"Facilitating Trade in Services,"
Policy Research Working Paper Series
9228, The World Bank.
- Bernard Hoekman, 2020. "Facilitating Trade in Services," RSCAS Working Papers 2020/13, European University Institute.
- Deepak Nayyar & Gaurav Nayyar, 2024. "Made in India: Industrial Policy in a Changing World," Journal of Industry, Competition and Trade, Springer, vol. 24(1), pages 1-27, December.
- Cote, Christine & Estrin, Saul & Shapiro, Daniel, 2020. "Expanding the international trade and investment policy agenda: the role of cities and services," LSE Research Online Documents on Economics 104003, London School of Economics and Political Science, LSE Library.
- Jean Imbs & Laurent L. Pauwels, 2020.
"High Order Openness,"
Working Papers
20200047, New York University Abu Dhabi, Department of Social Science, revised Jun 2020.
- Imbs, Jean & Pauwels, Laurent, 2020. "High Order Openness," CEPR Discussion Papers 14653, C.E.P.R. Discussion Papers.
- Jean Imbs & Laurent L. Pauwels, 2020. "High Order Openness," GRU Working Paper Series GRU_2020_009, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Ezra Oberfield & Esteban Rossi-Hansberg & Pierre-Daniel Sarte & Nicholas Trachter, 2024.
"Plants in Space,"
Journal of Political Economy, University of Chicago Press, vol. 132(3), pages 867-909.
- Ezra Oberfield & Esteban Rossi-Hansberg & Nicholas Trachter & Pierre-Daniel Sarte, 2019. "Plants in Space," 2019 Meeting Papers 1507, Society for Economic Dynamics.
- Ezra Oberfield & Esteban Rossi-Hansberg & Pierre-Daniel G. Sarte & Nicholas Trachter, 2020. "Plants in Space," Working Paper 20-05, Federal Reserve Bank of Richmond.
- Ezra Oberfield & Esteban Rossi-Hansberg & Pierre-Daniel Sarte & Nicholas Trachter, 2020. "Plants in Space," NBER Working Papers 27303, National Bureau of Economic Research, Inc.
- Rossi-Hansberg, Esteban & Oberfield, Ezra & Sarte, Pierre-Daniel & Trachter, Nicholas, 2020. "Plants in Space," CEPR Discussion Papers 14823, C.E.P.R. Discussion Papers.
- Pisch, Frank & Berlingieri, Giuseppe, 2022.
"Managing Export Complexity: The Role of Service Outsourcing,"
Publications of Darmstadt Technical University, Institute for Business Studies (BWL)
135680, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Berlingieri, Giuseppe & Pisch, Frank, 2022. "Managing export complexity: the role of service outsourcing," LSE Research Online Documents on Economics 117832, London School of Economics and Political Science, LSE Library.
- Giuseppe Berlingieri & Frank Pisch, 2022. "Managing export complexity: the role of service outsourcing," CEP Discussion Papers dp1843, Centre for Economic Performance, LSE.
- Andrea Ascani & Alessandra Faggian & Sandro Montresor, 2021.
"The geography of COVID‐19 and the structure of local economies: The case of Italy,"
Journal of Regional Science, Wiley Blackwell, vol. 61(2), pages 407-441, March.
- Andrea Ascani & Alessandra Faggian & Sandro Montresor, 2020. "The geography of COVID-19 and the structure of local economies: the case of Italy," Discussion Paper series in Regional Science & Economic Geography 2020-01, Gran Sasso Science Institute, Social Sciences, revised Apr 2020.
- Alexander Eck & Carolin Fritzsche & Jan Kluge & Joachim Ragnitz & Felix Rösel, 2015. "Fiscal Capacity and Determining Structural Characteristics of the Eastern German Laender," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 76, May.
- repec:ocp:rpaper:rp-1925 is not listed on IDEAS
- Hildegunn K. Nordås & Dorothée Rouzet, 2017. "The Impact of Services Trade Restrictiveness on Trade Flows," The World Economy, Wiley Blackwell, vol. 40(6), pages 1155-1183, June.
- A. Kerem Cosar & Latchezar Popov & Sophie Osotimehin, 2019. "Regional and Aggregate Implications of Transportation Costs and Tradability of Services," 2019 Meeting Papers 237, Society for Economic Dynamics.
- repec:ocp:rtrade:rp_20-14 is not listed on IDEAS
- H. Stephen Gardner & Lourenço S. Paz & John Ssozi, 2023. "The influence of international trade on labour productivity in services: The case of Brazil in the 1990s," Review of Development Economics, Wiley Blackwell, vol. 27(1), pages 268-290, February.
- Rodrigo Adão & Costas Arkolakis & Federico Esposito, 2019.
"General Equilibrium Effects in Space: Theory and Measurement,"
NBER Working Papers
25544, National Bureau of Economic Research, Inc.
- Rodrigo Adao & Costas Arkolakis & Federico Esposito, 2020. "General Equilibrium Effects in Space: Theory and Measurement," Discussion Papers Series, Department of Economics, Tufts University 0835, Department of Economics, Tufts University.
- Xiang Ding, 2023. "Industry Linkages from Joint Production," Working Papers 23-02, Center for Economic Studies, U.S. Census Bureau.
- Caliendo, Lorenzo & Feenstra, Robert C. & Romalis, John & Taylor, Alan M., 2023. "A second-best argument for low optimal tariffs on intermediate inputs," Journal of International Economics, Elsevier, vol. 145(C).
- M. Ayhan Kose & Franziska Ohnsorge, 2023.
"Slowing Growth: More Than a Rough Patch,"
CAMA Working Papers
2023-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- M. Ayhan Kose & Franziska Ohnsorge, 2023. "Slowing Growth: More Than a Rough Patch," Koç University-TUSIAD Economic Research Forum Working Papers 2304, Koc University-TUSIAD Economic Research Forum.
- Kose, M. Ayhan & Ohnsorge, Franziska, 2023. "Slowing Growth: More Than a Rough Patch," CEPR Discussion Papers 18226, C.E.P.R. Discussion Papers.
- Kose, M. Ayhan & Ohnsorge, Franziska, 2023. "Slowing Growth: More than a rough Patch," MPRA Paper 117327, University Library of Munich, Germany.
- Rafael Dix-Carneiro, 2019.
"Trade and Informality in the Presence of Labor Market Frictions and Regulations,"
2019 Meeting Papers
144, Society for Economic Dynamics.
- Rafael Dix-Carneiro & Pinelopi Koujianou Goldberg & Costas Meghir & Gabriel Ulyssea, 2021. "Trade and Informality in the Presence of Labor Market Frictions and Regulations," Upjohn Working Papers 21-347, W.E. Upjohn Institute for Employment Research.
- Dix-Carneiro, Rafael & Goldberg, Pinelopi Koujianou & Meghir, Costas & Ulyssea, Gabriel, 2021. "Trade and Informality in the Presence of Labor Market Frictions and Regulations," IZA Discussion Papers 14060, Institute of Labor Economics (IZA).
- Rafael Dix-Carneiro & Pinelopi K. Goldberg & Costas Meghir & Gabriel Ulyssea, 2021. "Trade and Informality in the Presence of Labor Market Frictions and Regulations," Cowles Foundation Discussion Papers 2271, Cowles Foundation for Research in Economics, Yale University.
- Ulyssea, Gabriel & Dix-Carneiro, Rafael & Goldberg, Pinelopi & Meghir, Costas, 2021. "Trade and Informality in the Presence of Labor Market Frictions and Regulations," CEPR Discussion Papers 15726, C.E.P.R. Discussion Papers.
- Rafael Dix-Carneiro & Pinelopi Koujianou Goldberg & Costas Meghir & Gabriel Ulyssea, 2021. "Trade and informality in the presence of labor market frictions and regulations," IFS Working Papers W21/02, Institute for Fiscal Studies.
- Tranos, Emmanouil & Incera, Andre Carrascal & Willis, George, 2022. "Using the web to predict regional trade flows: data extraction, modelling, and validation," OSF Preprints 9bu5z, Center for Open Science.
- Avdiu,Besart & Bagavathinathan,Karan Singh & Chaurey,Ritam & Nayyar,Gaurav, 2022. "India's Services Sector Growth : The Impact of Services Trade on Non-tradable Services," Policy Research Working Paper Series 10094, The World Bank.
- Omar Bamieh & Matteo Fiorini & Bernard Hoekman & Adam Jakubik, 2020.
"Services Input Intensity and US Manufacturing Employment Responses to the China Shock,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(2), pages 333-349, September.
- Bamieh, Omar & Fiorini, Matteo & Jakubik, Adam, 2017. "Services Input Intensity and US Manufacturing Employment Responses to the China Shock," CEPR Discussion Papers 12173, C.E.P.R. Discussion Papers.
- Omar Bamieh & Matteo Fiorini & Bernard Hoekman and Adam Jakubik, 2017. "Services Input Intensity and US Manufacturing Employment. Responses to the China Shock," RSCAS Working Papers 2017/39, European University Institute.
- Blank, Sven & Egger, Peter H. & Merlo, Valeria & Wamser, Georg, 2022.
"A structural quantitative analysis of services trade de-liberalization,"
Journal of International Economics, Elsevier, vol. 137(C).
- Blank, Sven & Egger, Peter H. & Merlo, Valeria & Wamser, Georg, 2018. "A structural quantitative analysis of services trade de-liberalization," Discussion Papers 47/2018, Deutsche Bundesbank.
- Eduardo A. Haddad & Inácio F. Araújo, 2021.
"The internal geography of services value‐added in exports: A Latin American perspective,"
Papers in Regional Science, Wiley Blackwell, vol. 100(3), pages 713-744, June.
- Eduardo Haddad & Inácio F. Araújo, 2020. "The Internal Geography of Services Value-Added in Exports: A Latin American Perspective," Research papers & Policy papers on Trade Dynamics and Policies 2013, Policy Center for the New South.
- Eduardo Haddad & Inácio F. Araújo, 2020. "The Internal Geography of Services Value-Added in Exports: A Latin American Perspective," Research papers & Policy papers on Economic Trends and Policies 2073, Policy Center for the New South.
- Daniel Lederman & Samuel Pienknagura & Diego Rojas, 2021.
"Latent Trade Diversification and Its Relevance for Macroeconomic Stability,"
The World Bank Economic Review, World Bank, vol. 35(1), pages 58-91.
- Lederman,Daniel & Pienknagura,Samuel Jaime & Rojas,Diego, 2015. "Latent trade diversification and its relevance for macroeconomic stability," Policy Research Working Paper Series 7332, The World Bank.
- Tianyu Fan & Michael Peters & Fabrizio Zilibotti, 2023. "Growing Like India—the Unequal Effects of Service‐Led Growth," Econometrica, Econometric Society, vol. 91(4), pages 1457-1494, July.
- Chi‐Young Choi & Anthony Murphy & Jyh‐Lin Wu, 2017.
"Segmentation of consumer markets in the US: What do intercity price differences tell us?,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(3), pages 738-777, August.
- Chi-Young Choi & Anthony Murphy & Jyh-Lin Wu, 2017. "Segmentation of consumer markets in the US: What do intercity price differences tell us?," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 738-777, August.
- Chen, Liming & Felipe, Jesus & Kam, Andrew J.Y. & Mehta, Aashish, 2021.
"Is employment globalizing?,"
Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 74-92.
- Liming Chen & Jesus Felipe & Andrew J.Y. Kam & Aashish Mehta, 2018. "Is Employment Globalizing?," Working Papers id:12912, eSocialSciences.
- Chen, Liming & Felipe, Jesus & Kam, Andrew J.Y. & Mehta, Aashish, 2018. "Is Employment Globalizing?," ADB Economics Working Paper Series 556, Asian Development Bank.
- Costas Arkolakis & Federico Huneeus & Yuhei Miyauchi, 2023.
"Spatial Production Networks,"
NBER Working Papers
30954, National Bureau of Economic Research, Inc.
- Costas Arkolakis & Federico Huneeus & Yuhei Miyauchi, 2023. "Spatial Production Networks," Working Papers Central Bank of Chile 971, Central Bank of Chile.
- Jacek Rothert & Jacob Short, 2023.
"Non-Traded Goods, Factor Markets Frictions, and International Capital Flows,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 48, pages 158-177, April.
- Jacek Rothert & Jacob M. Short, 2021. "Non-traded goods, factor markets frictions, and international capital flows," GRAPE Working Papers 59, GRAPE Group for Research in Applied Economics.
- Jacek Rothert & Jacob Short, 2022. "Code and data files for "Non-Traded Goods, Factor Markets Frictions, and International Capital Flows"," Computer Codes 20-201, Review of Economic Dynamics.
- Gnangnon, Sèna Kimm, 2022. "Internet, Participation in International Trade, and Tax Revenue Instability," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 37(2), pages 267-315.
- Camille Reverdy, 2023.
"Estimating the general equilibrium effects of services trade liberalization,"
Review of International Economics, Wiley Blackwell, vol. 31(2), pages 493-521, May.
- Camille Reverdy, 2022. "Estimating the general equilibrium effects of services trade liberalization," Post-Print hal-04006925, HAL.
- Jensen, J. Bradford & Quinn, Dennis P. & Weymouth, Stephen, 2017.
"Winners and Losers in International Trade: The Effects on US Presidential Voting,"
International Organization, Cambridge University Press, vol. 71(3), pages 423-457, July.
- J. Bradford Jensen & Dennis P. Quinn & Stephen Weymouth, 2016. "Winners and Losers in International Trade: The Effects on U.S. Presidential Voting," NBER Working Papers 21899, National Bureau of Economic Research, Inc.
- Ana Maria Santacreu & Michael Sposi & Jing Zhang, 2021.
"What Determines State Heterogeneity in Response to US Tariff Changes?,"
Working Papers
2021-007, Federal Reserve Bank of St. Louis, revised 08 Mar 2023.
- Ana Maria Santacreu & Michael Sposi & Jing Zhang, 2023. "What Determines State Heterogeneity in Response to US Tariff Changes?," Departmental Working Papers 2302, Southern Methodist University, Department of Economics.
- Ana Maria Santacreu & Michael Sposi & Jing Zhang, 2023. "What Determines State Heterogeneity in Response to U.S. Tariff Changes," Working Paper Series WP 2023-09, Federal Reserve Bank of Chicago.
- Lorenzo Caliendo & Robert C. Feenstra & John Romalis & Alan M. Taylor, 2023. "Tariff Reductions, Heterogeneous Firms, and Welfare: Theory and Evidence for 1990–2010," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(4), pages 817-851, December.
- Philippe Frocrain & Pierre-Noël Giraud, 2017. "The evolution of tradable and non-tradable employment: evidence from France," Working Papers hal-01695159, HAL.
- Eduardo Rodrigues Sanguinet & Francisco de Borja García-García, 2023. "Rural-Urban Linkages: Regional Financial Business Services’ Integration into Chilean Agri-Food Value Chains," Sustainability, MDPI, vol. 15(14), pages 1-22, July.
- Leonardo Baccini & Iain Osgood & Stephen Weymouth, 2019. "The service economy: U.S. trade coalitions in an era of deindustrialization," The Review of International Organizations, Springer, vol. 14(2), pages 261-296, June.
- Jensen J. Bradford, 2016. "Overlooked Opportunity: Trade in Services," The Economists' Voice, De Gruyter, vol. 13(1), pages 1-7, December.
- Ariu, Andrea & Nilsson Hakkala, Katariina & Jensen, J. Bradford & Tamminen, Saara, 2019.
"Service Imports, Workforce Composition, and Firm Performance: Evidence from Finnish Microdata,"
ETLA Working Papers
70, The Research Institute of the Finnish Economy.
- Andrea Ariu & Katariina Nilsson Hakkala & J. Bradford Jensen & Saara Tamminen, 2019. "Service Imports, Workforce Composition, and Firm Performance: Evidence from Finnish Microdata," CESifo Working Paper Series 7858, CESifo.
- Andrea Ariu & Katariina Nilsson Hakkala & J. Bradford Jensen & Saara Tamminen, 2019. "Service Imports, Workforce Composition, and Firm Performance: Evidence from Finnish Microdata," NBER Working Papers 26355, National Bureau of Economic Research, Inc.
- Arnarson, Björn Thor & Gullstrand, Joakim, 2016. "Linking Services to Manufacturing Exports," Working Papers 2016:27, Lund University, Department of Economics, revised 24 Feb 2017.
- Maria D. Tito, 2019. "Exporters of Services: A Look at U.S. Exporters Outside of the Manufacturing Sector," Finance and Economics Discussion Series 2019-063, Board of Governors of the Federal Reserve System (U.S.).
- Antoine Gervais, 2018. "Estimating the impact of country‐level policy restrictions on services trade," Review of International Economics, Wiley Blackwell, vol. 26(4), pages 743-767, September.
- Lan Dinh, 2022. "Has toughness of local competition declined?," Working Papers 22-13, Center for Economic Studies, U.S. Census Bureau.
- Andrea Papetti, 2021. "Population aging, relative prices and capital flows across the globe," Temi di discussione (Economic working papers) 1333, Bank of Italy, Economic Research and International Relations Area.
- Mujtaba Kayani, Ghulam & Saeed, Abubakr & Riaz, Hammad & Ali, Ashiq, 2023. "Political power shift in host markets and firm asset retrenchment: Evidence from Chinese MNCs," Journal of Business Research, Elsevier, vol. 161(C).
- Khatiwada, Sameer & Flaminiano, John Paul, 2019. "Prospects for Decent Work in Services," ADBI Working Papers 940, Asian Development Bank Institute.
- Christine Côté & Saul Estrin & Daniel Shapiro, 2020. "Expanding the international trade and investment policy agenda: The role of cities and services," Journal of International Business Policy, Palgrave Macmillan, vol. 3(3), pages 199-223, September.
- Ziyu Yi & Long Wei & Xuan Huang, 2022. "Does Information-and-Communication-Technology Market Openness Promote Digital Service Exports?," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
- Georgeta Ilie, 2023. "Trade In Skill-Intensive Services - Through the Pandemic and Accelerating Digitalization," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 11(1), pages 73-83, May.
- Ms. Emine Boz & Ms. Nan Li & Hongrui Zhang, 2019. "Effective Trade Costs and the Current Account: An Empirical Analysis," IMF Working Papers 2019/008, International Monetary Fund.
- Rickard, Stephanie J., 2020. "Economic geography, politics, and policy," LSE Research Online Documents on Economics 104716, London School of Economics and Political Science, LSE Library.
- Giedrė Dzemydaitė, 2021. "The Impact of Economic Specialization on Regional Economic Development in the European Union: Insights for Formation of Smart Specialization Strategy," Economies, MDPI, vol. 9(2), pages 1-15, May.
- Christine Côté & Saul Estrin & Daniel Shapiro, 0. "Expanding the international trade and investment policy agenda: The role of cities and services," Journal of International Business Policy, Palgrave Macmillan, vol. 0, pages 1-25.
- Björn Thor Arnarson & Joakim Gullstrand, 2022. "Linking local services to global manufactures," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(1), pages 3-34, January.
- Holladay, J. Scott & Mohsin, Mohammed & Pradhan, Shreekar, 2018.
"Emissions leakage, environmental policy and trade frictions,"
Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 95-113.
- J. Scott Holladay & Mohammed Mohsin & Shreekar Pradhan, 2017. "Emissions Leakage, Environmental Policy and Trade Frictions," Working Papers 2017-07, University of Tennessee, Department of Economics.
- Ana Maria Santacreu & Heting Zhu, 2018. "Manufacturing and Service Sector Roles in the Evolution of Innovation and Productivity," Economic Synopses, Federal Reserve Bank of St. Louis, issue 2, pages 1-3.
- Brussevich, Masha, 2018. "Does trade liberalization narrow the gender wage gap? The role of sectoral mobility," European Economic Review, Elsevier, vol. 109(C), pages 305-333.
- Holladay, J. Scott & Mohsin, Mohammed & Pradhan, Shreekar, 2016. "Emissions Leakage, Environmental Policy and Trade Frictions," Conference papers 332677, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Calin Arcalean & Gerhard Glomm & Ioana Cosmina Schiopu, 2019. "Urbanization, productivity differences and spatial frictions," CESifo Working Paper Series 7609, CESifo.