International trade governance has traditionally aspired to the creation of a multilateral global trade system. However, also in reaction to the slow pace of the multilateral agenda, some players have started boosting bilateral/regional approaches to liberalization as alternative avenues for...

1. Competition policy and trade policy are usually distinct areas of economic policy, the first being inward, the second outward oriented. With increasing economic internationalization their interconnections become more important, not only on the national, but also on the European and world...

This paper explores whether Russia can be made to abide by international commercial rules. It discusses the role the EU, Russia's main trading partner, can and should play in fostering better Russian compliance with international commercial rules. Russia's economic revival, built on oil and gas,...

The TRIPs plus phenomenon (additional steps to strengthen the Agreement on Trade-Related Aspects of Intellectual Property Rights) tends to be attributed to the regional and bilateral efforts of the United States. This paper suggests that such a perception is mistaken. The EU certainly seeks to...

This Policy Brief proposes the establishment of an agreement on conformity assessment between the EU and the US that covers machinery and electrical equipment. The initiative aims to increase the number of European and US conformity assessment bodies authorized to test and certify EU and US...

We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...