Global Manufacturing SO2 Emissions: Does Trade Matter?

A decade of global volcanic SO2 emissions measured from space

The global flux of sulfur dioxide (SO2) emitted by passive volcanic degassing is a key parameter that constrains the fluxes of other volcanic gases (including carbon dioxide, CO2) and toxic trace metals (e.g., mercury). It is also a required input for atmospheric chemistry and climate models, since it impacts the tropospheric burden of sulfate aerosol, a major climate-forcing species. Despite i...

Does Consumer Search Matter in Retail Trade?

This study investigates the relationship between consumer search costs, inflation, and firm markups in retail trade by employing actual measures of consumer search cost gathered by way of an online consumer survey. Consistent with theory, results indicate that markups can be higher if consumer search costs are higher. Results from panel data also show that increases in inflation lead to increas...

Impact of Manufacturing Transfer on SO2 Emissions in Jiangsu Province, China

The impact of manufacturing transfer in Jiangsu province, China, on the spatial-temporal variations of SO2 emissions is investigated using estimated sector-specific SO2 emissions, and emissions in the different transfer-in and transfer-out regions were quantified during 2000–2011. Our results show that SO2 emissions had undergone three phases: an increase in the period of 2000–2005, a rapid dec...

Uncontrolled SO2 Emissions Bring Acid Rain.

The Adjustment of Global External Balances: Does Partial Exchange Rate Pass-Through to Trade Prices Matter?

This paper assesses whether partial exchange rate pass-through to trade prices has important implications for the prospective adjustment of global external imbalances. To address this question, we develop and estimate an open-economy DGE model in which pass-through is incomplete due to the presence of local currency pricing, distribution services, and a variable demand elasticity that leads to ...