environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes … pairwise interregional trade across all 50 U.S. states, 26 traded and non-traded industries, labor as a mobile factor, and … matches the U.S. input-output matrix. Using data on trade flows by industry between states, as well as other regional and …

The impact of exchange rate fluctuations on international trade has long been a major concern for policy-makers. This … is particularly the case in Europe, where countries trade extensively with each other. The crisis that began in the … Summer of 1992 generated increased exchange rate fluctuations and, therefore, renewed concerns about consequences for trade …

We develop a simple formal framework to clarify the trade-offs involved in the choice between a fixed and flexible … exports has meant that CFA member countries have suffered frequent shocks in their terms of trade. A flexible exchange rate …. Under `reasonable' output-inflation trade offs, these countries would have been better off having the flexibility to adjust …