We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show … empirical literature studying the "China shock." We find that the China shock leads to average welfare increases in most U …

investigate the "global" determinants of populism, we look at trade and immigration jointly and consider their size as well as …

poorer individuals and, in specific circumstances, on the whole population. In an open economy with free trade, lower income … inequality in one country creates price divergence between trading countries. Lower inequality not only further decreases trade …

in peace but, surprisingly, the price may be lower. The analysis shows when trade will altogether collapses in war and … when trade will persist between the parties despite it. A prisoner's-dilemma game (e.g., monopolistic competition or …

recycling firms to compensate for the savings in disposal costs. We study trade between resource poor economies exporting final … goods, and resource rich countries exporting raw materials. We find rich welfare effects of trade policy with non …-trivial interactions between terms of trade effects and distortions in recycling and resource extraction. …

Few firms import, even when formal trade barriers are low and despite substantial potential gains. Likely reasons are …

contracts, mitigating information frictions in international trade. There is little evidence for the relaxation of financial …

Migrants shape market access: first, they reduce international trade frictions and second, they change the geographical … exports and imports to immigrant population and quantifies these effects in a model of inter- and intra-national trade and … import (export) trade costs by 7% (2.5%) on average and decreases US natives' real wages by more than 2%. States with higher …