realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and … significant exchange rate movements. This analysis also suggests that a reduction in China's (very) large surplus will be needed …

Department) brought about a 1986 trade agreement in which the United States forced Japan to end the 'dumping' of semiconductors … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …

By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent …

The bilateral relationship with Japan now dominates American thinking on the benefits and costs of foreign trade. This … paper reevaluates the past and future course of U.S.-Japan economic relations. It identifies six distinct aspects of the … relationship that may underlie the continuing friction: bilateral imbalance on merchandise trade, capital flows from Japan to the …

We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …

effects of the monetary policies of the US Federal Reserve, the European Central Bank and of the People's Bank of China on the …

1980s, and, despite China's accession to the World Trade Organization (WTO) in 2001, changed little throughout the late … the trade growth that followed China's WTO accession was a delayed response to previous reforms rather than a response to …

The US trade war against China in 2018-2019 can either enhance or diminish the US soft power in China, depending on …

market data. By estimating the effect of U.S.-China tariff announcements on aggregate returns and the differential returns of … firms exposed to China, we identify their effect on treated and untreated firms. We show theoretically and empirically that …