Kei mu yi economics book

Global value chains and inequality with endogenous labor supply with eunhee lee. 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. Applied microeconomics, development economics, labor economics, entrepreneurship. How much of south koreas growth miracle can be explained. 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.

We also find that growth in vertical specialization accounts for 30% of the growth in these countries exports. Senior vice president federal reserve bank of dallas. Can vertical specialization explain the growth of world. The new york fed offers the central banking seminar and several specialized courses for central bankers and financial supervisors. Bibliographic record and links to related information available from the library of congress catalog.

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. First, the growth is generally thought to have been generated by falling tariff barriers worldwide. Global value chains and inequality with endogenous labor supply, journal of international economics, vol 115, pages 223241. Senior vice president kei mu yi, who was brought on by kocherlakota in 2010, was replaced in october and given a. He is on leave from the university of houston, where he is the m. Table of contents for international economics, globalization, and policy.

This database presents information as the entities provide it, with the exception of aggregations and visualizations created by the tribune. The economics department is pleased to announce the appointment of dr. Journal of political economy chicago journals the university of. Prior to coming to houston, i held positions with the federal reserve banks of new york, philadelphia, and minneapolis. Keimu yi federal reserve bank of minneapolis minneapolis fed. Professor in economics, a department of university of houston. The nature and growth of vertical specialization in world trade, journal of international economics 541. 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. Johnson 2,3 and kei mu yi 4 1 international monetary fund, washington, dc 20431. 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. 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.

Keimu yi is vice president and economist at the research department of the federal reserve bank of philadelphia. Working papers articles software chapters books working papers. He has also been employed at the federal reserve bank of new york and at rice university. This series is an essential reference source for students, researchers and lecturers in 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. Global value chains and inequality with endogenous labor supply. 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. Edited by keimu yi, anderson professor of economics, the university of houston, houston, texas, michael sposi, assistant professor of economics, southern. Economics department, university of houston 3623 cullen blvd, houston, tx 772045019 phonefaxemail.

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. Can vertical specialization explain the growth of world trade. The trade comovement problem in international macroeconomics. Structural change and deindustrialization, 2019 meeting papers 28, society for economic dynamics. The nature and growth of vertical specialization in world. Keimu yi federal reserve bank of minneapolis research. 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. The texas tribune obtained this information under the texas public information act. Ayhan and yi, kei mu, the trade comovement problem. It presents by theme a selection of the most important articles across the entire spectrum of economics. A large empirical literature finds that there is too little international trade and too much intranational trade to be rationaliz.

Can multistage production explain the home bias in trade. Demand spillovers and the collapse of trade in the global recession. To treat covid19s economic impact, start by keeping the. Yi was employed by the federal reserve bank of minneapolis where he served as a special policy advisor to the president. Reprinted in recent developments in the economics of structural change, the international library of critical writings in economics, edited by kei mu yi, cheltenham. Anderson chair in economics at the university of houston. Goldberg is published by university of chicago press. The nber is the nations leading nonprofit economic research organization. Each volume has been prepared by a leading specialist who has written an authoritative introduction to the literature included. International economics, macroeconomics, international trade, timeseries the effects of trade costs and capital controls on trade imbalances kei mu yi. Shakeup at minneapolis fed ousts two top economists. Two features of this growth present challenges to the standard trade models. 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.

The department of economics, nus has an established reputation as one of the largest and leading departments of economics in the asiapacific region. The federal reserve bank of minneapolis has named dr. Department of economics, university of houston, more information at edirc. 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. He also serves as a consultant in the research department of the federal.

Bank for international settlements, annual economic report, june 2019. This cited by count includes citations to the following articles in scholar. Economics of university of houston the texas tribune. Department of economics university of houston 3623 cullen blvd. Federal reserve bank of minneapolis names new research.

The book topics in empirical international economics. Richard baldwin and beatrice weder di mauro, economics in the time of covid19, washington, d. Michelle connolly and kei mu yi1 september 17, 2008 1preliminary and incomplete. Reprinted in recent developments in the economics of structural change, the international library of critical writings in economics, edited by keimu yi, cheltenham. Keimu yi at university of houston government salaries.

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. Federal reserve banks federal reserve bank of minneapolis. Department of economics, duke university, durham, nc. How much of south koreas growth miracle can be explained by trade policy. Trade and other policy options and programs to deter foreign. Keimu yi appointed to be a research associate at the. Recent developments in the economics of structural change.

But tariff barriers have decreased by only about 11 percentage points since the early. Department of economics, duke university verified email at duke. 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. Citeseerx on the effect of the internet on international. What do these numbers mean and why are they public. The striking growth in the trade share of output is one of the most important developments in the world economy since world war ii.