The literature on backward and forward linkages in global value chains (GVCs) explores the interconnectedness of production processes across different stages and locations within the global economy. The significance of imports in value chains, however, is relatively unexplored. Recognizing...

When the UK left the EU, it introduced a new import tariff schedule, one of the largest MFN tariff reforms in decades of a developed economy. This paper exploits this policy change to estimate the elasticity of imports to MFN tariffs, addressing the endogeneity of trade policy through two...

In this paper, we study an intertemporal utility maximization problem in which an investor chooses consumption and portfolio strategies in the presence of a stochastic factor and a no-borrowing constraint. In the spirit of the Kim-Omberg model, the stochastic factor represents the excess return...

This article investigates household consumption in 2011 and 2021, to see if there is evidence of changes in household demands of food. The European policy from Farm to Fork aims at providing sustainable, healthy food for all consumers, through an increase in vegetable consumption at the expense...