We construct a new linked data set with over one thousand offshoring events by matching Trade Adjustment Assistance … domestic firm-level aggregate employment, output, wages and productivity. Consistent with heterogenous firm models where …-offshorer. After initiating offshoring, firms experience large declines in employment (46.2 per cent), output (38.5 per cent) and …

-run inflation-unemployment tradeoff. Two conflicting motives drive policy. In the static version of the model, uncertainty provides …

change that renders the natural rates of interest and unemployment uncertain. Using a forward-looking quarterly model of the … rules do not require knowledge of the natural rates of interest or unemployment for setting policy and are consequently …

This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U ….S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes … declines the most experience more severe employment losses along with larger increases in the value of imports from China and …

price of natural gas. I estimate the response of various measures of manufacturing activity using panel regression methods … entire manufacturing sector, with much larger effects of 30 percent or more for the most energy intensive industries. …

countries have collectively seen an improvement in their terms of trade during the crisis, reversing pre-crisis declines. The …

Though China's share of world trade is comparable to that of Japan, little is known about the response of China's trade … to changes in exchange rates. The few estimates available suffer from two limitations. First, the data for trade prices … empirical model explaining the shares of China's exports and imports in world trade in terms of the real effective value of the …

investigation, I build a multi-country trade model with endogenous adoption of a new transportation technology that is consistent … future usage, adoption costs, and trade with the United States, the first and largest user of containerization. …