Welfare gains from increasing product variety are an important source of the gains from international trade. Recent … empirical studies have largely focused on measuring the gains from an increased variety of imports. Trade theory, however …, suggests that international trade heavily affects the variety of domestically produced goods as well. To overcome the typical …

Findings from the literature suggest that previous estimates of the variety gains from trade are too small because of …

China's rapid rise in the global economy following its 2001 World Trade Organization (WTO) entry has raised questions … benefits. We find that the China trade shock reduced the U.S. manufacturing price index by 7.6 percent between 2000 and 2006 … first, which has received much attention in the literature, is the United States granting permanent normal trade relations …

0.7, while import price changes that can be traced back to exchange rate movements of other trade partners only have … mild effects on US prices. Further analysis points to the importance of trade integration, variable markups, and demand …

0.7, while import price changes that can be traced back to exchange rate movements of other trade partners only have … mild effects on US prices. Further analysis points to the importance of trade integration, variable markups, and demand …

We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …