Browsing by Author "Schetter, Ulrich"

Now showing items 1-9 of 9

    • Cutting Putin’s Energy Rent: ‘Smart Sanctioning’ Russian Oil and Gas 

      Hausmann, Ricardo; Łoskot-Strachota, Agata; Ockenfels, Axel; Schetter, Ulrich; Tagliapietra, Simone; Wolff, Guntram; Zachmann, Georg (Center for International Development at Harvard University, 2022-04)
      Following the Russian aggression against Ukraine, major sanctions have been imposed by Western countries, most notably with the aim of limiting Russia’s access to hard international currency. However, Russia remains the ...

    • Horrible Trade-offs in a Pandemic: Lockdowns, Transfers, Fiscal Space, and Compliance 

      Hausmann, Ricardo; Schetter, Ulrich (Center for International Development at Harvard University, 2020-07)
      In this paper, we develop a heterogeneous agent general equilibrium framework to analyze optimal joint policies of a lockdown and transfer payments in times of a pandemic. In our model, the effectiveness of a lockdown in ...

    • Inequality, Openness, and Growth through Creative Destruction 

      Jäggi, Adrian; Schetter, Ulrich; Schneider, Maik T. (Center for International Development at Harvard University, 2021-02)
      We examine how inequality and openness interact in shaping the long-run growth prospects of developing countries. To this end, we develop a Schumpeterian growth model with heterogeneous households and non-homothetic ...

    • A Measure of Countries' Distance to Frontier Based on Comparative Advantage 

      Schetter, Ulrich (Center for International Development at Harvard University, 2022-09)
      This paper presents a structural ranking of countries by their distance to frontier. The ranking is based on comparative advantage. Hence, it reveals information on the productive capabilities of countries that is fundamentally ...

    • On Globalization and the Concentration of Talent 

      Schetter, Ulrich; Tejada, Oriol (Center for International Development at Harvard University, 2020-10)
      We analyze how globalization affects the allocation of talent across competing teams in large matching markets. Assuming a reduced form of globalization as a convex transformation of payoffs, we show that for every economy ...

    • On the Design of Effective Sanctions: The Case of Bans on Exports to Russia 

      Hausmann, Ricardo; Schetter, Ulrich; Yildirim, Muhammed (Center for International Development at Harvard University, 2022-09)
      We analyze the effects of bans on exports at the level of 5000 products and show how our results can inform economic sanctions against Russia after its invasion of Ukraine. We begin with characterizing export restrictions ...

    • Quality Differentiation, Comparative Advantage, and International Specialization Across Products 

      Schetter, Ulrich (Center for International Development at Harvard University, 2020-04)
      We introduce quality differentiation into a Ricardian model of international trade. We show that (1) quality differentiation allows industrialized countries to be active across the full board of products, complex and simple ...

    • A Simple Theory of Economic Development at the Extensive Industry Margin 

      Diodato, Dario; Hausmann, Ricardo; Schetter, Ulrich
      We revisit the well-known fact that richer countries tend to produce a larger variety of goods and analyze economic development through (export) diversifcation. We show that countries are more likely to enter ‘nearby’ ...

    • A Structural Ranking of Economic Complexity 

      Schetter, Ulrich (Center for International Development at Harvard University, 2019-10)
      We propose a structural alternative to the Economic Complexity Index (ECI, Hidalgo and Hausmann 2009; Hausmann et al. 2011) that ranks countries by their complexity. This ranking is tied to comparative advantages. Hence, ...