Category: Trade

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Trade

Tariff shocks and economic policy

Recent research examines the optimal monetary policy responses to tariff shocks, challenging conventional wisdom about inflation control. Is there an alternative approach to Trump’s proposed tariffs that could address economic dislocation?

Trade

Uncertainty, automation, and the future of global value chains

Two recent studies shed light on how uncertainty in developing countries and automation in developed countries are reshaping global production networks.

Trade

The hidden efficiency of the global trading system

Two recent research papers reveal, counterintuitively, that certain tariff structures can actually improve overall welfare and that the global trading system exhibits much more collaboration between nations than raw tariff data would suggest.

Trade

International power

Two recent papers explore the intersection of international trade and geopolitics by developing theoretical frameworks to analyze how countries can use economic policies like trade restrictions, capital subsidies, and infrastructure investments to strengthen their geopolitical bargaining power and prepare for potential conflicts.

Trade

The tariffs on Chinese EVs: a misguided policy?

Why the U.S. and EU tariffs on Chinese EVs make no sense: opinions from both side of the Atlantic.

Trade

On industrial policies

Industrial policies have regained prominence in both advanced and developing economies:  new research highlights some positive effects of modern industrial policy and how it can be implemented effectively.

Trade

The challenges of the current international trade rules system

New research on how international power impacts trade rules and why the current international trade rules system is unraveling.

Trade

The escalation of the U.S.-China trade war

New research on how the shift in expectations to a prolonged trade war accounts for the increase in expected future U.S. tariffs on China.

Trade

Financial aspects of trade

How does trade uncertainty influence bank lending and how does a currency become dominant in trade transactions?

Trade

On the decoupling of supply chains

Supply chains are decoupling along geopolitical lines: What is the economic impact? Which countries will end-up bear the costs?

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