prioritize human capital accumulation and reduce barriers to trade. Other policy areas include improving quality of institutions … and developing the financial sector. For commodity exporters reducing barriers to trade is the most important driver of …

This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are … largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and … during 1965-89. Favorable terms-of-trade shocks increase investment and (especially government) consumption, but reduce …

-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model …. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply …

gains from trade. Those gains are realized through exchange rate adjustments that cause a temporary reallocation of … containment policies that aim at optimizing global welfare further enhances the ability of countries to exploit trade …

, bilateral economic interactions like trade, FDI and portfolio investment, positively correlate with lending. Chinese banks …' lending to EMDEs also strongly correlates with trade, but not with FDI and, unlike other banks, it correlates negatively with …

disentangle effects from various channels that interact at the same time, such as flows of tourists, trade of goods, and changes …

general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U … to capture dynamic effects, such as those stemming from trade policy uncertainty. More generally, our results both …

. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …

The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also …