Erste die Herausforderung gemeistert haben. Die Corona-Epidemie wird politische Narben hinterlassen. Der EU-Gipfel im Juli …

The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in … impact: when countries are connected by trade in goods, when a lockdown closes factories in one place of the world, essential … our world? Will there be lasting effects on our economies and on our societies at large? What does this mean for the …

with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through … international trade and global value chains (GVCs). We find moderate welfare losses in most countries outside of China, while a few … (in contrast to final goods trade) in transmitting the shock. In a hypothetical world without GVCs, the welfare loss due …

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a … decoupling, defined as increased barriers to global input trade. After decoupling, the repercussions of foreign supply shocks are …

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …