How countries apply their trade policies has been of heightened interest since the early days of the Great Recession (Baldwin and Evenett 2009).
Trade policy through 2013: Signs of improvement but new policy concerns
Chad P Bown, 27 June 2014
Do falling trade costs benefit all countries equally?
Dennis Novy, 11 October 2012
When the Great Recession hit in 2008, many countries experienced a collapse of their exports and imports. For example, US exports went down by around 25% between 2008 and 2009, and Japanese exports declined by a staggering 40%. This Great Trade Collapse has attracted a lot of attention (see Baldwin 2009). Leading explanations include a sharp drop in demand and a trade-credit crunch.
Supply chains and behind-the-border trade barriers: Implications for developing nations
Michael J Ferrantino, 11 February 2012
In recent decades, it has become increasingly common to produce goods in a number of geographically dispersed stages linked by international trade.
Is faster trade more trade? Evidence from EU enlargement
Cecília Hornok, 9 July 2011
Costs of international trade are still large and come in a variety of flavours. Total trade costs for a developed country are around 170% of the traded value (Anderson and Van Wincoop 2004), of which only a minor share are due to trade-policy instruments like tariffs or quotas.
Tear down this wall: On the persistence of borders in trade
Nikolaus Wolf, Volker Nitsch, 9 November 2009
Twenty years ago, the German economy experienced a massive “integration shock” (Siebert, 1992) that caught most economic agents by surprise.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- 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
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche