Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each …

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and …

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …

. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …Post WWII globalization forces are facing headwinds in the form of global crises-the "The Great Recession" and the "The … Pandemic Recession". Israel's trade and financial globalization, however, is steadily rising. The pandemic-induced slump in …

-movements of global factors in asset prices and capital flows with commodity prices, international trade and world output as well … as the sensitivity of different parts of the world to the Global Financial Cycle. We present evidence of the causal …

We study the role of global financial intermediaries in international lending. We construct a model of the world … regular business cycles. The portfolio of financial intermediaries and the distribution of bond holdings in the world economy …

bonds, greater risk-bearing capacity in the U.S. than the rest of the world, and nominal rigidities. A flight to safety …