international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a … symmetric fashion as world economic growth rebounds? (ii) Will the crisis result in a change in the structure of trade, and in …

It is commonly believed that stock prices help firms' managers make more efficient real investment decisions, because … they aggregate information about fundamentals that is not otherwise known to managers. This paper identifies a limitation … informativeness depends on the quality of managers' prior information. In particular, managers with low quality information would like …

What determines the quality of budget execution around the world, measured in terms of a government's ability to …

relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …

(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …

This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the … percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices …