Now showing items 1-2 of 2

    • On the Role of Financial Frictions and the Saving Rate during Trade Liberalizations 

      Antras, Pol; Caballero, Richard J. (Massachusetts Institute of Technology Press, 2010)
      We study how financial frictions and the saving rate shape the long-run effects of trade liberalization on income, consumption and the distribution of wealth in financially underdeveloped economies. In our model, regardless ...
    • Trade and Capital Flows: A Financial Frictions Perspective 

      Caballero, Ricardo J.; Antras, Pol (National Bureau of Economic Research, 2007)
      The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this ...