We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … bias of monetary policy. Our results suggest that increased trade could account for as much as a quarter of European …

0.7, while import price changes that can be traced back to exchange rate movements of other trade partners only have … mild effects on US prices. Further analysis points to the importance of trade integration, variable markups, and demand …

-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We … characterize the joint patterns of trade and FDI when countries differ in income distribution and size and show that FDI is more …

borderline case. Finally, we apply our setting to trade theory and uncover several new properties hindered by the CES, such as …

In this paper, we study the impact of transnational terrorism diffusion on security and trade. We set up a simple … trade. The idea is that security measures, which impede trade, are directed both against the source country of terror and … find (1) a direct negative impact of transnational terrorism on trade; (2) an indirect negative impact emanating from …

trade issues in the presence of country asymmetries in terms of product qualities, technology, costs, market size, and …

We develop a model where trade liberalization leads to skill-biased technological change, which in turn raises the … trade, technology and relative returns to skilled and unskilled labour. Moreover, we show that as market integration … continues and trade costs fall below a certain threshold, the relative return to skilled labour may fall. …

trade issues in the presence of country asymmetries in terms of product qualities, technology, costs, market size and income …

will be net exporters in scale-intensive industries. The hypotheses are empirically tested by studying the trade of each …