1. Discussion and Working Paper // 2014

    Trade, Tasks, and Training: The Effect of Offshoring on Individual Skill Upgrading

    We offer a theoretical explanation and empirical evidence for a positive link between increased offshoring and individual skill upgrading. Skill upgrading takes the form of on-thejob training, complementing the…

  2. Discussion and Working Paper // 2013

    The banking crisis as a giant carry trade gone wrong

    A pernicious aspect of the Eurozone crisis is the ‘doom loop’ linking European banks and governments. This column argues that poor European policy choices in the wake of the 2008 Global Crisis worsened the…

  3. Discussion and Working Paper // 2013

    Falling Short of Expectations? Stress-Testing the European Banking System

    The eurozone is mired in a recession. In 2013, the GDP of all 17 eurozone countries fell by 0.5% and the outlook for 2014 shows considerable risks across the region. To stabilize the common currency area and its…

  4. Discussion and Working Paper // 2013

    Limited Sectoral Trading between the EU-ETS and China

    In the negotiations of the United Nations Framework Convention on Climate Change (UNFCCC), new market mechanisms are proposed to involve Non-Annex I countries in the carbon markets developed by Annex I…

  5. Discussion and Working Paper // 2013

    Import Competition, Domestic Regulation and Firm-Level Productivity Growth in the OECD

    This paper examines how import penetration affects firms' productivity growth taking into account the heterogeneity in firms' distance to the efficiency frontier and country differences in product market…