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Vox EU:

High moments for superstar exporters

Aggregate exports are highly concentrated in a small group of firms, which are generally more productive than other firms. This column shows that productivity shocks generate different responses of aggregate exports depe...Read more...

CEP discussion paper

It takes (more than) a moment: Estimating trade flows with superstar exporters

Understanding producers' selection into exporting and its consequences for micro-founded gravity estimation calls for an in-depth analysis of the interplay between aggregate exports and the distribution of producers' pro...Read more...

External publication

Measuring competitiveness in Europe: resource allocation, granularity and trade:

The importance of micro data in assessing aggregate outcomes

In recent years, researchers and policymakers have been able to use sophisticated databases to provide insightful economic analysis. The increasing variety of available microeconomic databases and the improvement in the ...Read more...

CEP discussion paper

Do Workers' Remittances Reduce the Probability of Current Account Reversals?

The paper combines the literature on financial crises in emerging markets and developing economies with that on international migrations by investigating whether the increasingly large flows of workers’ remittances can h...Read more...