Search Results - "Devereux, Michael"

Real Exchange Rates and Sectoral Productivity in the Eurozone by Berka, Martin, Devereux, Michael B., Engel, Charles

“…We investigate the link between real exchange rates and sectoral TFP for eurozone countries. We show that real exchange rate variation, both cross-country and…”
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International Financial Integration and Crisis Contagion by DEVEREUX, MICHAEL B., YU, CHANGHUA

“…International financial integration helps to diversify risk but also may spread crises across countries. We provide a quantitative analysis of this trade-off…”
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Can Taxes Tame the Banks? Evidence from the European Bank Levies by Devereux, Michael, Johannesen, Niels, Vella, John

“…Abstract Following the 2007–2008 financial crisis, a large number of countries introduced levies on bank borrowing intended to reduce risk in the financial…”
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Production Networks And International Fiscal Spillovers by Devereux, Michael B, Gente, Karine, Yu, Changhua

“…Abstract This paper analyses the impact of fiscal spending shocks in a dynamic, multi-country model with international production networks. The response of…”
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Taxes and the location of targets by Arulampalam, Wiji, Devereux, Michael P., Liberini, Federica

“…We use firm-level data to investigate the impact of taxes on the international location of targets in M&A, allowing for domestic acquisitions and heterogeneous…”
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The Demand for Trade Protection over the Business Cycle by AURAY, STÉPHANE, DEVEREUX, MICHAEL B., EYQUEM, AURÉLIEN

“…We build measures of the demand for trade protection, and relate them to permanent productivity and transitory monetary shocks identified from U.S. data. The…”
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Leverage Constraints and the International Transmission of Shocks by DEVEREUX, MICHAEL B., YETMAN, JAMES

“…Recent macroeconomic experience has drawn attention to the importance of interdependence among countries through financial markets and institutions,…”
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Symposium: the global minimum tax – introduction by Devereux, Michael P.

“…In October 2021, 137 countries of the OECD's Inclusive Framework reached an historic agreement paving the way for the introduction of a global minimum tax…”
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Self-oriented monetary policy, global financial markets and excess volatility of international capital flows by Banerjee, Ryan, Devereux, Michael B., Lombardo, Giovanni

“…•The paper explores the nature of cross-country macroeconomic spillovers.•A negative US monetary policy shock leads to a fall in EMEs in: capital flows, GDP,…”
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Do countries compete over corporate tax rates? by Devereux, Michael P., Lockwood, Ben, Redoano, Michela

“…This paper investigates whether OECD countries compete with each other over corporation taxes, and whether such competition can explain the fall in statutory…”
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Corporate tax incentives and capital structure: New evidence from UK firm-level tax returns by Devereux, Michael P., Maffini, Giorgia, Xing, Jing

“…We investigate how companies’ capital structure is affected by corporate income taxes using confidential company-level tax returns for a large sample of UK…”
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COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO-MODELS by Devereux, Michael B., Sutherland, Alan

“…This paper develops a simple approximation method for computing equilibrium portfolios in dynamic general equilibrium open economy macro-models. The method is…”
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Trade Wars, Nominal Rigidities, and Monetary Policy by Auray, Stéphane, Devereux, Michael B, Eyquem, Aurélien

“…Abstract This paper shows that the outcome of trade wars for tariffs and welfare will be affected by the monetary policy regime. The key message is that trade…”
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Exchange rate flexibility under the zero lower bound by Cook, David, Devereux, Michael B

“…An independent monetary policy and a flexible exchange rate generally help a country in adjusting to macroeconomic shocks. But recently in many countries,…”
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Pandemics through the lens of occupations by Chopra, Anand, Devereux, Michael B., Lahiri, Amartya

“…We outline a macro‐pandemic model where individuals can select into working from home or in the market. Market work increases the risk of infection…”
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The Antibacterial Activity of Metal Complexes Containing 1,10- phenanthroline: Potential as Alternative Therapeutics in the Era of Antibiotic Resistance by Viganor, Livia, Howe, Orla, McCarron, Pauraic, McCann, Malachy, Devereux, Michael

“…The "antibiotic era", characterized by the overuse and misuse of antibiotics, over the last half-century has culminated in the present critical "era of…”
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Importers and exporters in exchange rate pass-through and currency invoicing by Devereux, Michael B., Dong, Wei, Tomlin, Ben

“…We explore the role of product market structure on exchange rate pass-through and currency of invoicing in international trade, using very detailed…”
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Consumption heterogeneity and monetary policy in an open economy by Chen, Sihao, Devereux, Michael B., Shi, Kang, Xu, Juanyi

“…•Heterogeneity among consumers leads to the international transmission of monetary shocks across countries•Heterogeneity magnifies the expenditure changing…”
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Capital controls and monetary policy in sudden-stop economies by Devereux, Michael B., Young, Eric R., Yu, Changhua

“…•Studies capital controls and monetary policy in a ‘Sudden Stop’ economy with financial frictions and nominal rigidities.•Focuses on a time-consistent policy…”
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Sudden stops and optimal foreign exchange intervention by Davis, J. Scott, Devereux, Michael B., Yu, Changhua

“…We model sudden stops in a small open economy as rare discrete events precipitated by increases in the world risk-free rate. When external debt is large, the…”
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