fluctuations relatively to a DNK model with walrasian labour markets. The optimal monetary policy must trade-off counteracting …

When, about twenty years ago, the Euro was created, one objective was to facilitate intra‐European trade by reducing … transaction costs. Has the Euro delivered? Using sectoral trade data from 1995 to 2014 and applying structural gravity modeling … trade effect for goods of almost 8 percent, but a much smaller effect for services trade. Digging deeper, we detect …

The world runs a trade surplus with itself: Exporters report larger values of exports than what importers report as … of the global surplus is a trade surplus that the EU has with itself. In this paper, we show that this self-surplus of …

computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of … doubling non-tariff barriers - both unilateral and reciprocal - between the two blocks on trade and welfare. Imposing trade … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …

of time consistency of liberalization under the so-called Bogor target of achieving free trade within APEC in 2010 (2020 …

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …