-run impacts of initial stock of net foreign assets, degree of openness to international trade, real exchange rate and relative … are heterogeneous. Initial stock of net foreign assets and degree of openness to international trade are important factors … self-adjusting mechanism except China. Short-run current account adjustment towards long-run equilibrium path is gradual …

relatively closed to trade such as the United States. Departing from many of the existing closed-economy models, the duration of … – consistent with “secular stagnation” – and trade openness is high …

transformation on the exports of East and Southeast Asian economies, which have close trade linkages with the PRC. We find that … concerns in the People's Republic of China's (PRC) trading partners about the effect of the PRC's growth slowdown on their … exports, the PRC's structural change is also likely to have a significant impact - e.g. the PRC will import fewer machines and …

We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI … liberalizations for the surge of global trade and current account (CA) imbalances. We calibrate our model to replicate the evolution … of bilateral trade and FDI flows across 5 major economies as well as their CA balances over 1996-2014. Our counterfactual …

This paper examines the extent to which government policies are responsible for the pattern of current account (trade … overall current account balance are provided in an addendum available at: https://piie.com/publications/working-papers/do-governments-drive-global-trade-imbalances …

exports and imports. Nevertheless, in the last decade CEE intra-group trade had been gaining in importance at the expense of … China in CEE trade has been dynamically expanding (especially in the years 2010-2013), whereas that of the US economy has … in China's share of global trade, in large part at the expense of the United States …

competition and commodity prices) seem both to matter; (iii) Differences in trade (overall and with China) and in commodity … analyze China’s role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … exposure help explaining crosscountry differences in price responses. -- Global inflation ; China ; international business …