Bilateral trade balances often play an important role in the international trade policy debate. Academic economists understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their political relevance, calling for accurate...

This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodríguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...

Die Wahl zum Europäischen Parlament Ende Mai 2019 hat einige Entwicklungen gezeigt: Die Wahlbeteiligung ist deutlich gestiegen, die großen Volksparteien haben Verluste erlitten, aber der befürchtete Siegeszug der europaskeptischen und populistischen Parteien blieb aus. Angesichts der auf...