This paper develops and characterizes an index of trade policy restrictiveness defined as the uniform tariff equivalent … volume-equivalent index to the Trade Restrictiveness Index welfare-equivalent measure changes in the generalised mean and … that the new index frequently gives a very different picture than do standard indexes …

motley assortment of regional trade agreements is not the best way to organise world trade. Moving to global duty-free trade … and uses it to structure a narrative of world trade liberalisation since 1947. The logic is then used to project the world …

exporters of capital goods to the rest of the world. We develop a model of trade in capital goods to assess its role spreading …

have real rates fallen? This note computes a measure of the "world" real interest rate and, where possible, a measure of … the implied future real rate. It also makes public our estimates of the "world" real interest rate so they can be used by …