This paper focuses on finding out the leading sectors with high potential to maintain and consolidate the comparative and competitive advantages of the Romania’s exports and analyses the change in the pattern of Romanian export specialisation by estimatin

Over the past two decades, globalisation has given a boost to world trade, has grown one and a half times faster than world output, and the difference has even been considerably higher in recent years as world trade growth accelerated very strongly. More

This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production. Using a two-country dynamic stochastic general equilibrium model with endogenous firm entry and...

This paper studies the macroeconomic impact of higher tariffs using a two-country DSGE model with endogenous trade and heterogeneous firms. The analysis consists of two scenarios. First, we assume that one country increases tariffs while the other does not. Second, both countries raise tariffs....

The semiconductor industry stands at the center of the intensifying Sino-American trade conflict. Employing a multi-country, multi-sector general equilibrium modeling framework with imperfect competition and heterogeneous firms, we perform qualitative and quantitative analyses of protectionist...

This paper provides a systematic, quantitative analysis of the short-run and long-run effects of various trade-restricting policies in the presence of global value chains and multinational production. Using a two-country dynamic stochastic general equilibrium model with endogenous firm entry and...

This paper studies how trade policy uncertainty (TPU) affects the pass-through of import tariff and exchange rate changes into import prices. Little is known about the effects of tariff changes accompanied by TPU on import prices, especially when price rigidities are present. Using a dynamic...

This paper examines whether the short- and medium-term dynamic effects of tariff increases on intermediate goods differ from those on final consumer goods. To this end, the paper develops a three-country model with rigorous trade theory micro-foundations and some of the most common New Keynesian...

This paper studies the macroeconomic impact of higher tariffs using a two-country DSGE model with endogenous trade and heterogeneous firms. The analysis consists of two scenarios. First, we assume that one country increases tariffs while the other does not. Second, both countries raise tariffs....

This paper uses New Open Economy Macroeconomics with micro-foundation as an analytical framework integrates the characteristics of imperfect competition market and anti-dumping behavior into the two country (home country and foreign country) model. The goal is to discuss the dynamic effect on...