We analyze the role of economic and security considerations in bilateral trade agreements. We use the pre-World War I … period to test whether trade agreements are governed by pecuniary factors, such as distance and other frictions measured by … the probability of trade agreements by as much as 20 percentage points. Our estimates imply that were the U.S. to alienate …

We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the … macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model …

Quantifying the effects of trade policy in the age of "global value chains" (GVCs) requires an enhanced analytical … equilibrium models generally assume that industry-level bilateral final and intermediate trade shares are identical, and that the … structure reported in input-output tables. This allows us to investigate the relation between the effects of changes in trade …

over the period 1979-2003. Measures of the global output gap using two different weighting schemes (based on PPPs and trade …

components for a large data set comprising the U.S., the EU-27 area, and the respective rest of the world. Credit risk conditions …