these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real … important than trade in recent decades. Thus, a large proportion of the reduction in Canadian output volatility since the 1980s ….S. shock-"when the U.S. sneezes, Mexico catches a cold". These spillovers are transmitted through both trade and financial …

effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform. …

This paper reexamines the relationship between trade integration and business cycle synchronization (BCS) using new … value-added trade data for 63 advanced and emerging economies during 1995–2012. In a panel framework, we identify a strong … positive impact of trade intensity on BCS—conditional on various controls, global common shocks and country …

the RoW, but has also gradually drifted away from the G7 in favour of the BRICs. Trade with the BRICs turns out to be the … strongest driver of this shift. Much of this impact unfolds through aggregate demand impulse from trade. As fiscal policy …

This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects …-level research, and case studies) supports the view that trade openness contributes greatly to growth. Moreover, trade openness does … not have systematic effects on the poor beyond its effect on overall growth. Trade policy is only one of many determinants …

-country protectionism are also found to be relatively closed to agricultural trade. …This paper provides the first comprehensive empirical analysis of agricultural trade using a gravity model. The data … set covers bilateral trade in agricultural goods for 152 countries over the periods 1990-93 and 1999-2002. The estimations …