International trade affects the price and availability of practically everything we buy. It also plays a role in many other domains, including jobs, the environment and the fight against poverty. OECD Insights: International Trade argues that prosperity has rarely, if ever, been achieved or...

Der internationale Handel hat Auswirkungen auf den Preis und die Verfügbarkeit von fast allem, was wir kaufen. Zudem hat er Einfluss auf eine Vielzahl anderer Bereiche wie Beschäftigung, Umwelt und Armutsbekämpfung. Und er wird seinerseits von einer Fülle verschiedener Faktoren beeinflusst,...

As the recent crisis has forcefully suggested, understanding financial-market interconnectedness is of a paramount importance to explain systemic risk, stability and economic dynamics. In this paper, we address these issues along two related perspectives. First, we explore the statistical...

Previous research has found considerable variation in risk taking behavior within individuals across tasks. In this paper, we develop a hypothesis derived from the psychology literature that such apparently inconsistent behavior can be explained by a subject's domain specific risk attitudes. To...