Results 1-2 of 2
Financial Market Integration and Income Inequality
(Korea Institute for International Economic Policy, 2018-07-20)
Over the past decades, financial markets have been integrated across countries while income inequality has increased in most countries. This paper studies the effect of financial market integration on income inequality and investigates whether the ...
A Quantitative Trade Model with Unemployment
(Korea Institute for International Economic Policy, 2018-10-15)
This paper emphasizes the role of labor market frictions, which is largely neglected in quantitative trade models that usually assume full-employment. Labor market frictions can contribute to a source of comparative advantage, thus affecting trade ...