The economics department is pleased to announce the. The economics department is pleased to announce the appointment of dr. The federal reserve bank of minneapolis has named dr. He also serves as a consultant in the research department of the federal reserve bank of minneapolis, where he held the positions of senior vice president and director of research, as well as special policy advisor to the president, from august 2010 to january 2016. Keimu yi is vice president and economist at the research department of the federal reserve bank of philadelphia.
But tariff barriers have decreased by only about 11 percentage points since the early. This cited by count includes citations to the following articles in scholar. Richard baldwin and beatrice weder di mauro, economics in the time of covid19, washington, d. The book topics in empirical international economics. Global value chains and inequality with endogenous labor supply with eunhee lee. Journal of political economy chicago journals the university of. International economics, macroeconomics, international trade, timeseries the effects of trade costs and capital controls on trade imbalances kei mu yi. Can vertical specialization explain the growth of world. The new york fed has been working with triparty repo market participants to make changes to improve the resiliency of the market to financial stress. Johnson 2,3 and kei mu yi 4 1 international monetary fund, washington, dc 20431. The nature and growth of vertical specialization in world trade, journal of international economics 541. Global value chains and inequality with endogenous labor supply.
The texas tribune obtained this information under the texas public information act. First, the growth is generally thought to have been generated by falling tariff barriers worldwide. Department of economics, duke university verified email at duke. This database presents information as the entities provide it, with the exception of aggregations and visualizations created by the tribune. Using inputoutput tables from 10 oecd and four emerging market countries we calculate that vertical specialization accounts for 21% of these countries exports, and grew almost 30% between 1970 and 1990. The trade comovement problem in international macroeconomics. Please take a look at commonly asked questions about the government salaries explorer. He has also been employed at the federal reserve bank of new york and at rice university. I also thank erhan artuc, joaquin blaum, jonathan eaton, federico esposito, sharat ganapati, matthew grant, james harrigan, ana herrera, nuno limao, sungho noh, lindsay oldenski, tommaso porzio, peter schott, john shea, meredith startz, daniel trefler, yujung whang, chong xiang, kei mu yi, and jing zhang for helpful comments. Economics department, university of houston 3623 cullen blvd, houston, tx 772045019 phonefaxemail.
Publication global value chains and inequality with endogenous labor supply with kei mu yi journal of international economics, november 2018, 115, 223241 journal page working. Recent developments in the economics of structural change books, edward elgar publishing. Two features of this growth present challenges to the standard trade models. We also find that growth in vertical specialization accounts for 30% of the growth in these countries exports.
Edited by keimu yi, anderson professor of economics, the university of houston, houston, texas, michael sposi, assistant professor of economics, southern. Federal reserve banks federal reserve bank of minneapolis. Goldberg is published by university of chicago press. Anderson professor of economics at uh, has been appointed as of may 1, 2016 to be a research associate at the national bureau of economic research nber. Bank for international settlements, annual economic report, june 2019. Michelle connolly and kei mu yi1 september 17, 2008 1preliminary and incomplete. How much of south koreas growth miracle can be explained by trade policy. Global value chains and inequality with endogenous labor supply, journal of international economics, vol 115, pages 223241. The nature and growth of vertical specialization in world. Trade and other policy options and programs to deter foreign.
The nber is the nations leading nonprofit economic research organization. Recent developments in the economics of structural change. This paper uses a global inputoutput framework to quantify us and eu demand spillovers and the elasticity of world trade to gdp during the global recession of 20082009. Can multistage production explain the home bias in trade. Income and substitution effects of international financial integration. Department of economics, duke university, durham, nc. Yi, currently vice president and head of monetary and macroeconomic research at the federal reserve bank of philadelphia, will become senior vice president and director of research for the. Economics of university of houston the texas tribune. He also served as a consultant in the research department of the federal reserve bank of minneapolis, where he held the positions of senior vice president and director of research, as well as special policy advisor to the president, from august 2010 to january 2016. Anderson professor of economics at the university of houston, and am a research associate with the iti and ifm programs at the nber. He is on leave from the university of houston, where he is the m. The striking growth in the trade share of output is one of the most important developments in the world economy since world war ii. By michelle connolly and kei mu yi this paper assesses the importance of trade policy reforms in south korea, as well as the general agreement on tariffs and trade gat t tariff reductions, in.
The department of economics, nus has an established reputation as one of the largest and leading departments of economics in the asiapacific region. He also serves as a consultant in the research department of the federal. Reprinted in recent developments in the economics of structural change, the international library of critical writings in economics, edited by kei mu yi, cheltenham. Citeseerx on the effect of the internet on international. Department of economics university of houston 3623 cullen blvd. Demand spillovers and the collapse of trade in the global recession. This series is an essential reference source for students, researchers and lecturers in economics. International finance and macroeconomics, international trade and investment we survey recent literature on the causes of the collapse in international trade during the 20082009 global recession. Anderson professor of economics at the university of houston, and am a research associate with the iti and ifm programs at the. Anderson chair in economics at the university of houston. Shakeup at minneapolis fed ousts two top economists. Keimu yi federal reserve bank of minneapolis research.
It presents by theme a selection of the most important articles across the entire spectrum of economics. This piece focuses on research that investigates the causes and consequences of structural change with either theoretical or calibrated models, mindfully referring to some of the most. Senior vice president federal reserve bank of dallas. Reprinted in recent developments in the economics of structural change, the international library of critical writings in economics, edited by keimu yi, cheltenham. Structural change and deindustrialization, 2019 meeting papers 28, society for economic dynamics. No 10142, imf working papers from international monetary fund abstract. Senior vice president kei mu yi, who was brought on by kocherlakota in 2010, was replaced in october and given a.
The federal reserve bank of dallas established the globalization institute in 2007 for the purpose of better understanding how the process of deepening economic integration between the countries of the world, or globalization, alters the environment in which u. A large empirical literature finds that there is too little international trade and too much intranational trade to be rationaliz. Bibliographic record and links to related information available from the library of congress catalog. Prior to coming to houston, i held positions with the federal reserve banks of new york, philadelphia, and minneapolis. The new york fed offers the central banking seminar and several specialized courses for central bankers and financial supervisors. Working papers articles software chapters books working papers. Kenneth singleton, naotaka sugawara, hui tong, kamil yilmaz, kei mu yi, boyang zhang, tianli zhao, and many colleagues and participants at seminars and conferences for useful. For a published version of this report, see david hummels, jun ishii, and kei mu yi, the nature and growth of vertical specialization in world trade, journal of international economics 54, no. Keimu yi at university of houston government salaries.
Yi was employed by the federal reserve bank of minneapolis where he served as a special policy advisor to the president. Federal reserve bank of minneapolis names new research. Each volume has been prepared by a leading specialist who has written an authoritative introduction to the literature included. How much of south koreas growth miracle can be explained.
Department of economics, university of houston, more information at edirc. Ayhan and yi, kei mu, the trade comovement problem. What do these numbers mean and why are they public. To treat covid19s economic impact, start by keeping the. Applied microeconomics, development economics, labor economics, entrepreneurship. Update on the role of vertical linkages rudolfs bems, robert johnson, kei mu yi 27 november 2009 international supply chains or vertical linkages are a leading contender for explaining why the great trade collapse was so great. Can vertical specialization explain the growth of world trade. Professor in economics, a department of university of houston. Table of contents for international economics, globalization, and policy. Keimu yi appointed to be a research associate at the.
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