Jeffry A. Frieden
- Published in print:
- 2016
- Published Online:
- January 2018
- ISBN:
- 9780691173849
- eISBN:
- 9781400865345
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691173849.003.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This chapter sets forth a theoretical framework for the analysis of the politics of exchange rates. It relies on three factors—international exposure, tradability, and pass-through—to explain as much ...
More
This chapter sets forth a theoretical framework for the analysis of the politics of exchange rates. It relies on three factors—international exposure, tradability, and pass-through—to explain as much of currency policy preferences as possible. This can provide building blocks for a broader analysis of the politics of exchange rates. The chapter begins with a statement of the dependent variables of the study. It then presents the author's reasoning and the empirical expectations that flow from it. This is followed by a brief summary of other scholarly studies of the economics and politics of exchange rates in order to situate this study within the broader literature.Less
This chapter sets forth a theoretical framework for the analysis of the politics of exchange rates. It relies on three factors—international exposure, tradability, and pass-through—to explain as much of currency policy preferences as possible. This can provide building blocks for a broader analysis of the politics of exchange rates. The chapter begins with a statement of the dependent variables of the study. It then presents the author's reasoning and the empirical expectations that flow from it. This is followed by a brief summary of other scholarly studies of the economics and politics of exchange rates in order to situate this study within the broader literature.
J. Bradford Jensen and Lori G. Kletzer
- Published in print:
- 2010
- Published Online:
- February 2013
- ISBN:
- 9780226001432
- eISBN:
- 9780226001463
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226001463.003.0009
- Subject:
- Economics and Finance, Microeconomics
This chapter discusses services offshoring, which refers to the migration of jobs across national borders, mostly from rich countries to poor ones, with imported products and activities flowing back ...
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This chapter discusses services offshoring, which refers to the migration of jobs across national borders, mostly from rich countries to poor ones, with imported products and activities flowing back to the United States. A measure of tradability is described, built from common notions of job characteristics related to offshorability. A selection of tradable occupations do indeed have characteristics of offshorability, including Internet-enabled, high-information content, no-face-to-face customer contact. The calculated index of offshorability offers strong potential for understanding jobs (tasks) at risk. The two measures of tradability and offshorability offer a combined potential to do the same. The chapter concludes with the expectation that, as technology and policy allow for more trade in these activities, the United States should gain world market share in these activities, not lose it.Less
This chapter discusses services offshoring, which refers to the migration of jobs across national borders, mostly from rich countries to poor ones, with imported products and activities flowing back to the United States. A measure of tradability is described, built from common notions of job characteristics related to offshorability. A selection of tradable occupations do indeed have characteristics of offshorability, including Internet-enabled, high-information content, no-face-to-face customer contact. The calculated index of offshorability offers strong potential for understanding jobs (tasks) at risk. The two measures of tradability and offshorability offer a combined potential to do the same. The chapter concludes with the expectation that, as technology and policy allow for more trade in these activities, the United States should gain world market share in these activities, not lose it.
