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北京大学国家发展研究院

宏观经济学workshop: Two-Sided Market Power in Firm-to-Firm Trade

发布日期：2022-05-27 12:00    来源：

题目: Two-Sided Market Power in Firm-to-Firm Trade

主讲人：Monica Morlacco (USC)

 

摘要：Global value chains (GVCs) typically involve large firms exerting bargaining power over the terms of trade. We develop a novel theory of international prices accounting for these features of GVCs and illustrate their effect on the pass-through of trade shocks into import prices. We build a new dataset merging transaction-level U.S. import data with balance sheet data for both importers and exporters to evaluate the model's performance. Our estimated model generates more accurate predictions of pair-level price changes following trade shocks than standard models, improving the estimated impact of the 2018 trade war on aggregate U.S. import prices by 40-60%.

 

时间：2022年5月27日 上午10:00 – 11:30

加入 Zoom 会议

https://us02web.zoom.us/j/85652645557?pwd=R3hZeGdHS3RxUVRlYXQwQmFwc291Zz09

会议号：856 5264 5557

密码：435879

 

主讲人简介：Monica Morlacco is Assistant Professor at University of Southern California. She obtained her PhD at Yale University in 2018. Her research area is international trade and macroeconomics, with a particular focus on market power. Her research has been published on Journal of Monetary Economics.


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