This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are … during 1965-89. Favorable terms-of-trade shocks increase investment and (especially government) consumption, but reduce …, but Dutch Disease effects are strikingly absent. Investment, consumption, and nontradable output respond more to a terms-of-trade …

exchange rate, foreign prices, and terms of trade have long-run effects on inflation, while the money supply and interest rate …

This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific … island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable … data from the UN Global Platform, we construct daily indicators of port and trade activity for Pacific island countries …

decouple via 'preferential attachment' - id est by aligning themselves with the hub they trade most with. All global technology … straddle multiple hubs generally lose, whereas those whose trade is heavily concentrated with one hub may gain due to reduced …

This paper surveys the literature on the relationship between international trade and inclusive growth. It examines … claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting …

This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global … employment prospects in response to trade shocks. Finally, we find that firms experiencing greater import competition start with …

World trade contracted dramatically during the global economic crisis induced by the COVID-19 pandemic. Disruptions in … the supply and demand channels in trade by quantifying the causal effect of supply spillovers from lockdowns. We utilize a … novel dataset of daily bilateral seaborne trade, and design a shift-share identification strategy that leverages geography …

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 …