The recent trade disputes and the technological rivalry between the US and China make the effects of trade policy one of the most relevant economic subject areas. We employ a multi-country, multi-sector general equilibrium modelling framework with imperfect competition and heterogeneous firm...

Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...

In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the so-called phase one agreement has risen. To this end, the paper quantifies the impact of the asymmetric managed trade agreement using such a multi-country open-economy dynamic...

Western sanctions exposed Russia’s key vulnerabilities - dependence on Western capital and advanced technology, with knock-on effects in other sectors. In response, Russia launched a policy of import substitution and attempted to diversify to non-Western countries to mitigate the impact of...

ERWIT is an annual workshop that brings together international economists from across Europe and key researchers from outside the region. The workshop disseminates the findings of recent research on international trade, and presentations often involve exploratory rather than finished papers. The...

Co-authores: Valeriya Dinger (University of Osnabrück and the Leeds University Business School), Ragnar Juelsrud (Norges Bank) and Karolis Liaudinskas (Norges Bank) In this paper, we investigate how trade shocks propagate to the real economy through banking sector. We exploit an exogenous trade...

The workshop disseminates the findings of recent research on international trade, and presentations often involve exploratory rather than finished papers. Papers are invited on any trade-related issues.

ERWIT is an annual workshop that brings together international economists from across Europe and key researchers from outside the region. The workshop disseminates the findings of recent research on international trade, and presentations often involve exploratory rather than finished...

ERWIT is an annual workshop that brings together international economists from across Europe and key researchers from outside the region. The workshop disseminates the findings of recent research on international trade, and presentations often involve exploratory rather than finished...

The conference will focus on recent challenges for macroeconomic policies and structural reform design, with an emphasis on micro-macro linkages. Issues of particular interest include the links between international trade and competitiveness, the implications of dispersed productivity growth,...