We study global trade responses to the US-China trade war. We estimate the tariff impacts on product-level exports to … the US, China, and rest of world. On average, countries decreased exports to China and increased exports to the US and … rest of world. Most countries export products that complement the US and substitute China, and a subset operate along …

This paper investigates the sources of terms of trade volatility, specifically addressing the relative importance of …

It has been suggested that countries which export in especially risky sectors will experience higher output volatility …. This measure is strongly correlated with terms-of-trade and output volatility, but does not exhibit a close relationship to …

We introduce the real exchange rate volatility curve as a useful device to understand the role of price stickiness in … theory predicts that the real exchange rate volatility curve is a U-shaped function of the degree of price stickiness. Using … sector-level European real exchange rate data and frequency of price changes, we estimate the volatility curve. The results …