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...

Starting from Bairoch’s observation of declining French foreign trade, especially in emerging markets during the first globalization (1880-1914), this article endeavours to identify the sources for the failure to exploit the opportunities afforded by global economic growth after 1870. For this...

This book looks at four main questions relevant to the discussion of implementation and effectiveness of aid for trade. • How severe are the various possible constraints to trade expansion? • How different are the constraints to imports from the constraints to exports? • What impact would...

The last two centuries witnessed the rise and fall of empires. We construct a model which rationalises this in terms of the changing trade gains from empires. In the model, empires are arrangements that reduce trade cost between an industrial metropole and the agricultural periphery. During...

The Information Technology Agreement (ITA), a multilateral agreement emerging from the Uruguay Round, eliminates tariffs on specific technology and telecommunications products for member countries. Primary goals of the ITA are increased trade and competition through trade liberalization for...

This article offers an exhaustive quantitative analysis of the French foreign trade during the second part of the 19th century (1850-1913). It uses both geographical and sectoral dimension. Products are analyzed at a highly disaggregated level (corresponding to the SITC rev.3). We have studied...

World trade has grown rapidly. Several factors are highlighted by literature as a driving force behind the growth of world trade. Reduction in barriers to trade is one of them. A comprehensive empirical investigation is carried to ascertain the trade reducing and increasing effect of barriers to...

In the immediate aftermath of the Second World War economic relations between Britain and the Commonwealth were very close, and the Empire was of greater economic importance to Britain than at any previous time. International economic conditions were dominated by the dollar shortage, and...

Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...

We study the impact of migration to the European Union on the volume of international trade in EU. We focus on Southern Mediterranean (such as Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia, and Turkey) and Eastern Europe (such as Albania, Bosnia and Herzegovina, Chech...