We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of … U.K. import price indices by raising the prices of existing products and by reducing product variety from the E.U. We … find evidence that the risk of higher import protection from the 2016 referendum increased current import price indices by …

our theoretical results to China's 2001 WTO accession, we find that China's tariff reductions exceeded reciprocity norms …, increasing real incomes but amplifying the manufacturing employment dislocation - the China Shock - in the United States and …

We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology … adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines … the initial productivity of a new technology. After implementation, learning increases the productivity of a technology to …

We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … China would face Non-Normal Trade Relations tariffs in the future. Our findings imply that the expected mean future U ….S. tariff on China rose more under President Biden than under President Trump. We also show that the trade response to the trade …

scope. Using a structural model, we estimate that the simultaneous export and import in a given country reduces export and … import fixed costs by over 41 and 37 percent, respectively …

Capital equipment - such as computers and industrial machinery - embodies skill-biased technology, in the sense that it … is complementary to skilled labor. Most countries import a large share of their capital equipment, and by doing so import … skill-biased technology. In this paper we develop a tractable quantitative model of international trade in capital goods to …

-for-tat responses between just the US and China would likely leave the dollar's role essentially unchanged. If both countries coordinate …

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …