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Mexico’s structural reforms are already boosting productivity, but more can be done. This paper focuses on issues that have led to the success of the “modern” Mexico, and have led to difficulties with the “traditional” Mexico. These include the success of Global Value Chains (GVCs) in...
Persistent link: https://www.econbiz.de/10011700212
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627
We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: (1) compositional effects, or the switch...
Persistent link: https://www.econbiz.de/10014080916
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies, and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the business cycle dynamics of international...
Persistent link: https://www.econbiz.de/10012835093
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Preface / Joseph Caron -- Introduction: International political economy and explanations of China's globalization … / David Zweig, Chen Zhimin -- Beyond the disciplinary heartlands: studying China's international political economy / Shaun A …. Breslin -- Soft balancing and reciprocal engagement: international structures and China's foreign policy choices / Chen Zhimin …
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