COOK, David E
Source: https://bm.hkust.edu.hk/faculty/cook-david-e Parent: https://bm.hkust.edu.hk/bizinsight/global-trade-supply-chains-and-business-sustainability
COOK, David E
Professor
Department of Economics
Recent Activities
PATEL, Nikhil
Dollar invoicing, global value chains, and the business cycle dynamics of international trade
This paper reexamines the relationship between monetary policy, exchange rates and international trade in a world characterized by the dominant currency paradigm and global value chains. Using a three-country dynamic stochastic general equilibrium (DSGE) model, it documents key differences between the response of gross and value added trade flows to interest ... Read More