Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We address this question with confidential longitudinal firm-level trade data from Mexico that covers the universe of international trade transactions over 2015-2021. By merging the...

The number of individuals forcibly displaced by conflicts has been rising in the past few decades. However, we know little about the dynamics - magnitude, timing, and persistence - of conflict-induced migration in the short run. We use novel high-frequency data to estimate the dynamic migration...

In 1982, Mexico faced a balance of payments crisis, as rising interest rates and falling oil revenues made it increasingly difficult for the government to meet interest payments on its accumulated foreign debt. This case describes three currency swap facilities that the US government used to...

In 1994 and 1995, Mexico faced a series of economic and financial disruptions that led it to repeatedly seek financial assistance from the United States and international financial organizations. This case study describes three episodes during which the US government used currency swap...

Global betrachtet erfährt der IRA laut den befragten Expertinnen und Experten keine große Aufmerksamkeit. Nur in europäischen Ländern, insbesondere in Westeuropa, spielt das Thema eine wichtige Rolle. Dort ist auch die Sorge vor negativen Auswirkungen auf die heimische Wirtschaft infolge des...

The increase in the global demand for avocados has attracted the attention of rent-seeking criminal organizations in Mexico. As a result, farmers and packing houses have become targets of drug cartels. This paper investigates whether declining drug revenues have motivated cartels to target licit...

Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...