Goldberg, Linda S.
Most widely held works by Linda S Goldberg
Topics in empirical international economics : a festschrift in honor of Robert E. Lipsey ( Book )
6 editions published in 2001 in English and held by 366 libraries worldwide
In this timely volume emanating from the National Bureau of Economic Research's program in international economics, leading economists address recent developments in three important areas. The first section of the book focuses on international comparisons of output and prices, and includes papers that present new measures of product market integration, new methodology to infer relative factor price changes from quantitative data, and an ongoing capital stock measurement project. The next section features articles on international trade, including such significant issues as deterring child labo.
Obstacles to trade and competition by Janusz A Ordover ( Book )
4 editions published in 1993 in English and held by 294 libraries worldwide
Employment versus wage adjustment and the U.S. dollar by José Campa ( Book )
11 editions published between 1998 and 1999 in English and No Linguistic content and held by 143 libraries worldwide
"Using two decades of annual data, we explore the links between real exchange rates and employment, wages, and overtime activity in specific U.S. manufacturing industries. Across two-digit industry levels of aggregation, exchange rate movements do not have large effects on numbers of jobs or on hours worked. More substantial effects are picked up in industry wages, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The industry-by-industry pattern of wage responsiveness is not strongly related to industry export orientation or changes in overall external orientation. Industries with low price-over-cost markups and those with a less skilled workforce exhibit relatively larger employment elasticities but lower wage elasticities"--Federal Reserve Bank of New York web site.
Investment, pass-through and exchange rates : a cross-country comparison by José Campa ( Book )
11 editions published between 1995 and 1996 in English and No Linguistic content and held by 113 libraries worldwide
"Although large changes in real exchange rates have occurred during the past decades, the real implications of these movements remain an empirical question. Using detailed data from the United States, Canada, the United Kingdom, and Japan, we examine the implications of exchange rates for time series of sectoral investment. Both theoretically and empirically we show that investment responsiveness to exchange rates varies over time, positively in relation to sectoral reliance on export share and negatively with respect to imported inputs into production. Important differences exist in investment endogeneity across high and low markup sectors, with investment in low markup sectors significantly more responsive to exchange rates. Cross-country differences in investment response are only partially explained by industrial organization arguments"--Federal Reserve Bank of New York web site.
Foreign direct investment, trade and real exchange rate linkages in Southeast Asia and Latin America by Linda S Goldberg ( Book )
7 editions published in 1997 in English and No Linguistic content and held by 90 libraries worldwide
We investigate the relationships among trade, foreign direct investment and the real exchange rate between a set of Southeast Asian and Latin American countries and both the United States and Japan. Foreign direct investment by both Japan and the United States to the Southeast Asian countries in our sample is significantly affected by bilateral real exchange rates. Also, trade between the countries in our sample and the United States and Japan is significantly affected by foreign direct investment. These sets of relationships, between the real exchange rate and foreign direct investment, and between foreign direct investment and trade, support two channels through which the real exchange rate affects trade: a direct effect on the relative price of goods and an indirect effect through foreign direct investment.
Exchange rates and local labor markets by Linda S Goldberg ( Book )
6 editions published in 1999 in English and held by 85 libraries worldwide
"We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance and size of these dollar-induced effects vary considerably across industries and are more pronounced in some U.S. regions. In addition to demonstrating the importance of exchange rate shocks, we confirm prior research results showing that relatively strong local conditions drive up wages in local industries, while anticipated future (positive) local shocks reduce current wages"--Federal Reserve Bank of New York web site.
International trade and factor mobility : an empirical investigation by Linda S Goldberg ( Book )
11 editions published in 1999 in English and No Linguistic content and held by 85 libraries worldwide
"Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding the growth in international trade. Thus, a full understanding of the relationship between trade in goods and FDI is important for obtaining a complete picture of the extent and sources of international linkages. We investigate whether FDI serves as a complement to trade or a substitute for trade based on the effects identified by the Rybczynski theorem whereby an increase in a factor of production used intensively in one sector affects production both in that sector and in other sectors. Using detailed data on bilateral capital and trade flows between the United States and individual Latin American countries, we examine the linkages between FDI into particular sectors of Latin American economies and the net exports of those and other manufacturing sectors. We find that FDI from the United States can lead to significant, and varied, shifts in the composition of activity in many Latin American countries and across many manufacturing industries"--Federal Reserve Bank of New York web site.
The international role of the dollar and trade balance adjustment by Linda S Goldberg ( Book )
5 editions published in 2006 in English and held by 82 libraries worldwide
The evolving external orientation of manufacturing industries : evidence from four countries by José Campa ( Book )
7 editions published in 1997 in English and No Linguistic content and held by 81 libraries worldwide
Strategic trading in a two-sided foreign exchange auction by Linda S Goldberg ( Book )
5 editions published in 1995 in English and held by 79 libraries worldwide
When is U.S. bank lending to emerging markets volatile by Linda S Goldberg ( Book )
8 editions published in 2001 in English and held by 72 libraries worldwide
"Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper (1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and (2) econometrically explores the determinants of fluctuations in U.S. bank claims on a broad set of countries. U.S. bank claims on Latin American and Asian emerging markets, and on industrialized countries, are sensitive to U.S. macroeconomic conditions. When the United States grows rapidly, there is substitution between claims on industrialized countries and claims on the United States. The pattern of response of claims on emerging markets to U.S. conditions differs across banks of different sizes and across emerging market regions. Moreover, we find that, unlike U.S. bank claims on industrialized countries, claims on emerging markets are not highly sensitive to local country GDP and interest rates"--Federal Reserve Bank of New York web site.
Exchange rate pass-through into import prices : a macro or micro phenomenon by José Campa ( Book )
7 editions published in 2002 in English and No Linguistic content and held by 70 libraries worldwide
"Exchange rate regime optimality, as well as monetary policy effectiveness, depends on the tightness of the link between exchange rate movements and import prices. Recent debates hinge on whether producer-currency-pricing (PCP) or local currency pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country's macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty-five OECD countries. Across the OECD and especially within manufacturing industries, there is compelling evidence of partial pass-through in the short-run-- rejecting both PCP and LCP. Over the long run, PCP is more prevalent for many types of imported goods. Higher inflation and exchange rate volatility are weakly associated with higher pass-through of exchange rates into import prices. However, for OECD countries, the most important determinants of changes in pass-through over time are microeconomic and relate to the industry composition of a country's import bundle"--Federal Reserve Bank of New York web site.
Foreign and domestic bank participation in emerging markets : lessons from Mexico and Argentina by Linda S Goldberg ( Book )
4 editions published in 2000 in English and held by 70 libraries worldwide
Exchange rates and wages by Linda S Goldberg ( Book )
7 editions published in 2001 in English and held by 67 libraries worldwide
Understanding the effects of exchange rate fluctuations across the population is important for increasingly globalized economies. Previous studies using industry aggregate data have found that industry wages are significantly more responsive than industry employment to exchange rate changes. We offer an explanation for this paradoxical finding. Using Current Population Survey data for 1976 through 1998, documenting that the main mechanism for exchange rate effects on wages occurs through job turnover and the strong consequences this has for the wages of workers undergoing such job transitions. By contrast, workers who remain with the same employer experience little, if any, wage impacts from exchange rate shocks. In addition, the finding is that the least educated workers who also have the most frequent job changes shoulder the largest adjustments to exchange rates.
Exchange-rate pass-through to import prices in the euro area by José Campa ( Book )
14 editions published in 2005 in English and No Linguistic content and held by 65 libraries worldwide
"This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries"--National Bureau of Economic Research web site.
Vehicle currency use in international trade by Linda S Goldberg ( Book )
7 editions published between 2005 and 2008 in English and held by 64 libraries worldwide
Although currency invoicing in international trade transactions is central to the transmission of monetary policy, the forces motivating the choice of currency have long been debated. We introduce a model wherein agents involved in international trade can invoice in the exporter's currency, the importer's currency, or a third-country vehicle currency. The model is designed to contrast the contribution of macroeconomic variability with that of industry-specific features in the selection of an invoice currency. We show that producers in industries with high demand elasticities are more likely than producers in other industries to display herding in their choice of currency. This industry-related force is more influential than local macroeconomic performance in determining producers' choices. Drawing on data on invoice currency use in exports and imports for twenty-four countries, we document that the dollar is the currency of choice for most transactions involving the United States. The dollar is also extensively used as a vehicle currency in international trade flows that do not directly involve the United States. Consistent with the results of our model, this last finding is largely attributable to international trade in reference-priced and organized-exchange traded goods. Although the magnitude of business-cycle volatility matters for invoicing of more differentiated products, it is less central for invoicing nondifferentiated goods.
Foreign direct investment, exchange rate variability and demand uncertainity by Linda S Goldberg ( Book )
3 editions published in 1994 in English and held by 63 libraries worldwide
Investment in manufacturing, exchange-rates and external exposure by Jose Campa ( Book )
11 editions published in 1993 in English and held by 62 libraries worldwide
Financial-sector FDI and host countries : new and old lessons by Linda S Goldberg ( Book )
3 editions published in 2004 in English and held by 62 libraries worldwide
"Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to financial-sector FDI. This paper reviews the main findings and policy themes of FDI research, with a primary focus on the host country implications of FDI for emerging market economies. Evidence on technology transfers, productivity spillovers, wage effects, macroeconomic growth, and fiscal and tax concerns are emphasized. Throughout this review, I stress that parallel findings often arise independently in the separate research programs that focus on general and financial-sector FDI. I also emphasize that some important differences between the results of FDI into these sectors are apparent, especially with respect to their implications for local institution building and business cycles. These differences, more so than the similarities, should be the focus of concentrated research efforts"--National Bureau of Economic Research web site.
The international exposure of U.S. banks by Linda S Goldberg ( Book )
3 editions published in 2005 in English and held by 59 libraries worldwide
"This paper documents the changing international exposures of U.S. bank balance sheets since the mid-1980s. U.S. banks have foreign positions heavily concentrated in Europe, with more volatile flows to other regions of the world. In recent years some cross-border claims on Latin American countries have declined, while claims extended locally by the branches and subsidiaries of U.S. banks have grown. The foreign exposures of larger U.S. banks tend to be less volatile than claims of smaller banks, and locally-issued claims tend to be more stable than cross-border flows. Business cycle variables have mixed influence on U.S. bank cross-border and local claims. The cross-border claims of U.S. banks on European customers tend to be procyclical. By contrast, locally generated and cross border claims on Latin American customers of U.S. banks are not robustly related to either U.S. or country-specific business cycle variables. U.S. banks do not appear to be strong conduits for transmitting U.S. cycles to these smaller markets, and may instead serve a positive role in stabilizing the amplitude of foreign country cycles"--National Bureau of Economic Research web site.
Argentina Auctions--Econometric models Balance of trade--Econometric models Bank investments Bank loans Banks and banking, Foreign Banks and banking, International Cartels Commerce Competition, International Conference proceedings Credit control Demand (Economic theory) Developing countries Economic policy Euro Europe Europe, Central Europe, Eastern Export controls Financial crises Foreign exchange Foreign exchange--Econometric models Foreign exchange market--Econometric models Foreign exchange rates Foreign exchange rates--Econometric models Foreign trade and employment Imports--Prices Industrial location International business enterprises International economic relations International finance International trade Investments, Foreign Investments--Econometric models Labor market--Econometric models Labor turnover Latin America Loans, American Mexico Monetary policy Money OECD countries Problems, exercises, etc. Restraint of trade Southeast Asia Soviet Union Soviet Union--Former Soviet republics United States Wages--Econometric models
Goldberg, L. fl.1986-
Goldberg, Linda fl.1986-
Goldberg, Linda (Linda S.)
Goldberg, Linda S.