For most affected countries, the recent European debt crisis at its root is also a growth crisis. It is then only appropriate that structural reforms and deregulation be still on the agenda. For instance, costs due to entry regulation are still relatively high in some continental European countries, with large knock-on effects on aggregate output and productivity.
Entry regulation: Still costly
Markus Poschke, 29 January 2011
Are capital controls effective?
Eduardo Levy Yeyati, 20 January 2011
“Not only are they ineffective but, in addition, they raise domestic interest rates.” This type of internally inconsistent commentary is not unusual when discussing capital controls – a subject marked with strong beliefs and weak data.
Argentina’s border emergency-kit in times of global crisis: In case of fire, break the glass
Demián Dalle, Federico Lavopa, 11 January 2011
After the outbreak of the global financial and economic crisis in mid-2008, unilateral and discriminatory trade measures multiplied in number.
Crisis protectionism: The observed trade impact
Brad McDonald, Christian Henn, 22 December 2010
The global financial crisis brought with it fear. No small amount of it was focused on the possibility of extreme 1930s-style protectionism. Thanks to an ambitious macroeconomic policy response and strong global trade institutions, the worst fears have been avoided, at least for the time being (Eichengreen and Irwin 2009).
What can we realistically expect from the G20?
Simon J Evenett, 12 November 2010
US President George W Bush called the first crisis-related Heads of Government meeting in November 2008. The current incarnation of the G20 is entitled, therefore, to celebrate its second birthday at the forthcoming summit in Seoul. Over the past month, however, concerns have been raised about the health of this infant.
Chinese firm and industry reactions to antidumping
Chunding Li, John Whalley, 11 November 2010
Over the last decade, China has been the target for the largest number of antidumping measures of any country in the world. With the onset of the global crisis, antidumping has becomes even more in vogue (Bown 2010).
The state of protectionism on the eve of the Seoul G20 summit
Simon J Evenett, 8 November 2010
If media coverage is anything to go by, October 2010 saw a resurgence of fears about protectionism. Concerns that unheeded complaints about the Chinese exchange-rate regime would ultimately provoke other countries to resort to competitive devaluations and more traditional forms of trade protectionism came to the fore.
Tensions Contained... For Now: The 8th GTA Report
Simon J Evenett, 8 November 2010
Tensions Contained... For Now: The 8th Global Trade Alert Report can be downloaded here.
Straight out of Mad Men: US markets import protection as export promotion
Michael Moore, Thomas Prusa, 8 November 2010
“We will double our exports over the next five years, an increase that will support two million jobs in America.”
President Barack Obama, State of the Union Address, 2010.
Managed exports and the recovery of world trade: The seventh Global Trade Alert report
Simon J Evenett, 16 September 2010
While there remains considerable uncertainty about the pace of the recovery of the world economy, there is little doubt about the trajectory for world trade in 2010. Having fallen by 12.2% in 2009, according to the latest forecasts from the World Trade Organization, world trade is expected to grow 9.5% in 2010.
- Predicting economic turning pointsAhir, Loungani
- How rich nations benefit from EU membershipCampos, Coricelli, Moretti
- The chartbook of economic inequalityAtkinson, Morelli
- Taxing, spending, and inequalityClements, Coady, de Mooij, Gupta
- How poorer nations benefit from EU membershipCampos, Coricelli, Moretti
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Claessens, 18 April 2014
Campos, Coricelli, Moretti
Ostry, Berg, Tsangarides