We investigate the role of information frictions in migration. We develop novel moment inequalities to estimate worker … preferences while allowing for unobserved worker-specific information sets, migration costs, and location-specific amenities and … prices. Using data on internal migration in Brazil, we find that common estimation procedures underestimate the importance of …

incidence rises 4.1% yearly as US sales share halves. Domestic trade shares closely fit revealed relative resistances with trade …

disaggregated trade in which the two methods diverge …

the model using domestic and international firm-to-firm trade data from Chile. Both iceberg trade costs and search and … matching frictions are important for aggregate trade flows and production networks. Endogenous formation of production networks … leads to larger and more dispersed effects of international and intra-national trade cost shocks …

credit towards firms moderately hit by the trade shock, in an attempt to let them cope with the liquidity shortfall. Our … results suggest that banks mitigate trade shocks for certain hit firms, while at the same time propagate them to other firms …

We develop a dynamic spatial growth model to explore the role of trade and internal migration in the process of spatial … diffused across space when workers move to another location. We embed the diffusion of ideas through trade and migration into a … multi-country, multi-region framework with international trade, forward-looking dynamic migration decisions, and endogenous …

-output linkages, affecting both trade and inflation. 2) Inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining Euro Area inflation over 2020-21. 4) International trade did not respond to … changes in GDP as strongly as it did during the 2008-09 crisis despite strong demand for goods. These lower trade elasticities …

the changing trade gains from empires. In the model, empires are arrangements that reduce trade cost between an industrial … metropole and the agricultural periphery. During early industrialisation, the value of such bilateral trade increases, and so … does the value of empires. As industrialisation diffuses, and as manufactures become more differentiated, trade becomes …

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 …