This paper develops a framework to study the interplay between world trade and interest rates. The model incorporates … the response of the volume of world trade to changes in the interest rate into four components: (i) a labor productivity … effect, (ii) a propensity to consume out of labor income effect, (iii) a temporal dimension of variable trade costs effect …

Governments use their countries' economic strength from existing financial and trade relationships to achieve …

We study the role of trade policy in one of the most pressing climate policy challenges that developing countries face …: meeting voluntary emission restraints (VERs). To do so, we develop a general equilibrium trade model that extends Caliendo and …, we focus on two groups of policies: those that are in the traditional realm of trade policy, related to tariff reform and …

irrelevant, there is no need for trade agreements - free trade is the optimal policy for each country. But under even minimal … deviations from that benchmark, trade agreements matter. We focus on environments in which there are market failures, technology … domestic contracts and a key determinant of the feasibility and consequences of agreements. With endogenous technology, trade …