to have dealt with the volatility better. Why? This paper explores Australian terms of trade volatility since 1901. It …Even though Australia has experienced frequent and large commodity export price shocks like the Third World, it seems …

trade increased the colonists' ability to buy imports over time, especially after 1740. Although the export sector performed … two time series to serve as indicators of broader changes rather than considering the export sector as a whole. Here we … present new comprehensive export measures for the middle colonies. We find that aggregate exports in constant prices grew very …

Persistent differences in interest rates across countries account for much of the profitability of currency carry trade … finished goods. This pattern arises in a complete-markets model with trade specialization and limited shipping capacity … producers. Empirically, a commodity-based strategy explains a substantial portion of the carry-trade risk premia, and all of …

Free trade or preferential trade areas (PTAs) allow importers who belong to the area to export to each other while …

Abstract We evaluate the duration of the China trade shock and its impact on a wide range of outcomes over the period … in more trade-exposed U.S. commuting zones are present out to 2019. Over the full study period, greater import … and the native-born 25-39 years old, implying that exit from work is a primary means of adjustment to trade …

matching frictions in gravity. In the cross section, we find matching frictions as important as iceberg costs in impeding trade … increase in French exports to the new members. While workers benefitted overall, those competing most directly with imports …

equilibrium model of international trade. Both the quality and the quantity of a product play a role in its contribution both to … consumption and to production. The framework allows bilateral trade to vary at the extensive and intensive margins and the … intensive margin of trade to vary at the quantity and unit-value margins. We estimate the parameters of the model using …

exports and imports, and the implications of this choice for exchange rate pass-through into prices and quantities. We derive …

We provide systematic evidence that intermediaries play an important role in facilitating trade using a firm-level the … engage in trade without directly exporting products. We modify a heterogeneous firm model so that firms endogenously select … their mode of export - either directly or indirectly through an intermediary. The model predicts that intermediaries will be …