Researchers have found that valuation measures have some power to forecast long-horizon (say 10-year) stock market returns. There is no unique valuation measure known to be perfect, and the most common choices have their pros and cons. Even then, for many years, researchers and practitioners...

In an era of global trade dominated by global value chains, much of the recent empiricalanalysis has focused on the impacts of non-tariff barriers, behind-the-border measures, and othertransaction costs on integration. Though most countries have substantially lowered their Most Favored Nation...