subject to self-fulfilling variations in the world real interest rate. Those expectation-driven changes in the borrowing cost … asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt … internationally. Such a stylized model thus offers one way to rationalize both the existence of world business-cycle factor documented …

the structural, non-(log-)linear impact of trade barriers on trade in new trade theory models. Structural new trade theory … empirical model which takes into account both that preferential trade agreement membership is endogenous and that the world …