The impact of unconventional monetary policies on exchange rates and its spillovers to other economies is not yet fully understood. In this paper I develop a two-country DSGE model with interbank markets and endogenous default probabilities to analyze the cross-border impacts of unconventional...

Globalisation is often associated with a conservative political ideology and it usually finds the opposition of progressive political groups. The present essay contends this idea and tries to illustrate how the process is consistent with a progressive political philosophy. It also argues that...

Strengthening commitments for export assistance and establishing comprehensive programs to expand export activities of firms are part of the public policies in almost all developed and developing countries. Not only have governments increased the amounts devoted to these actions in recent...

We investigate the extent to which the effect of the 2018/2019 US import tariff hikes on US (post-tariff) import prices was offset by the concurrent appreciation of the US dollar and trace the source of the appreciation back to US trade policy itself. The dollar response to trade policy...