The current global economic policy regime – the consensus macroeconomic management policy framework, the trade and investment regime, the emerging system of “megaregulation” that seeks to create a seamless framework for the global operations of multinational enterprises, and the...

It is well established in theory that trade liberalization impacts on productivity through the reallocation of market share to more productive firms. Since more productive firms tend to pay higher wages, the market reallocation effect also increases average wages. In addition to these...

The English version of this paper can be found at 'http://ssrn.com/abstract=2805070' http://ssrn.com/abstract=2805070.Portuguese Abstract: Que impactos a convergência regulatória promovida pela TPP pode ter sobre os custos do comércio? Para analisar essa questão, os autores dedicam especial...

Since the conclusion of the TPP negotiations, a number of studies have been put in the public domain providing estimates of the likely impacts. The estimates vary by a very large magnitude, from negative impacts to major gains, which has raised questions about the methodologies being used to...

The Trans-Pacific Partnership (TPP) has generated a vigorous debate that features widely differing estimates of its economic impact and claims regarding its broader significance in terms of setting the rules for global trade and in terms of its geopolitical impact. This policy brief analyzes the...

Fragile by Design suggests a unifying explanation for systematic differences across countries in the domestic supply of credit and the susceptibility of banking systems to failure. The centrepiece is a theory of “The Game of Bank Bargains” (“the Game”), which is played between bankers,...

The emerging data-driven economy (DDE) promises to intensify the distributional issues that have contributed to disruptive political change in recent years. This raises the question of whether there a solution space in this economy that allows markets to clear and societies to maintain...

Establishing disciplines on the US trade remedy measures was in the view of Canadian policymakers the single most important demand that Canada tabled in the free trade negotiations with the United States leading up to the 1989 Canada-US FTA. The outcome was the Chapter 19 mechanism for...

The progressive shift of economic activity into the digital realm, including through digital and digitally-enabled trade, poses not only a wide range of conceptual issues which require discussion to support a shared understanding of risks and benefits, but promises to create perhaps...