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...

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...

International Trade: Gravity Rules - Thierry Mayer (Sciences Po, Paris, CEPII and CEPR) Syllabus: Day 1 : Introduction Lecture 1: Gravity is nontrivial and true. Lecture 2: First foundations for gravity equations Day 2 : 21st Century Gravity Lecture 3: Ricardian models, theory-consistent...

Labor Market Consequences of Globalization - Gordon Hanson (University of California at San Diego) Overview: The course will examine recent empirical and theoretical literature on the labor market consequences of international trade and foreign investment in advanced and emerging economies.

Trade and the International Organization of Production - Esteban Rossi-Hansberg (Princeton University) 1. Trade, Firm Structure, Offshoring and Outsourcing 1.1. Firm Organization and Trade 1.2. Multinationals 1.3. Vertical Specialization 1.4. Task Trade, Offshoring and Outsorcing

The Kiel Institute offers the possibility of attending selected courses of its Advanced Studies Program. International Trade: Gravity and Geography - Gianmarco Ottaviano (London School of Economics) The aim of the course is to take students to the frontier of theoretical research in geography...

The Kiel Institute offers the possibility of attending selected courses of its Advanced Studies Program. Firms in International Trade - Marc Melitz (Department of Economics, Harvard University) Recent empirical evidence has shown that firms/plants producing similar goods react very differently...