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We revisit in this note the macroeconomic impact of the recent rise in trade policy uncertainty. As in the literature, we do find that high trade policy uncertainty can adversely impact domestic and foreign economic activity. In addition, we identify an alternative business sentiment channel...
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U.S. import prices. The estimates suggest that the intensification of Chinese exports in the 2000s corresponded to … an industry corresponded to rest-of-world exporters shrinking their markup (lowering prices by up to 30 percent) and … stiffened strongly suggests that the composition of non-Chinese exports shifted toward higher-quality varieties. The estimates …
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China's rapid rise in the global economy following its 2001 World Trade Organization (WTO) entry has raised questions … prices, but did increase Chinese entry into the U.S. export market. We find that at least two-thirds of the China WTO effect … (PNTR) to China, effectively removing the threat of China facing very high tariffs on its exports to the United States. A …
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We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...
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vertical upgrading for a substantial portion of Latin American export sales. Estimation of a demand system for U.S. imports …
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