Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

understood. In this paper, we explore the contribution of the swift rise of import competition from China to sluggish U ….S. employment growth. We find that the increase in U.S. imports from China, which accelerated after 2000, was a major force behind … import competition from China over the period 1999 to 2011. The estimated employment effects are larger in magnitude at the …

determinants of the shares of major currencies in the reserve holdings of the world's central banks. Significant factors include … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to …

Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we …

), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries …