We identify in this Paper the level of trade integration between the three largest economic powers of the world, often … called the Triad: The United States, the EU and Japan. We focus on measuring possible asymmetries in market access between … members of the Triad using border effects between each of those partners. We investigate trends of bilateral trade openness …

. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies … indices for Japan and Europe. If anything, real wages in Europe and Japan were too flexible rather than too rigid, in the … sense that much of the increase in wage gap indices in Europe during 1968-70 and in Japan in 1973-74 can be interpreted as …

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to … fundamental revision of Obstfeld and Rogoff’s argument. A further novelty of our work is in tying bilateral trade behaviour to … desired aggregate trade balances and desired intertemporal trade. …

the historical model of the European Payments Union, it identifies the conditions that justify a PU with trade … restrictions vis-a-vis outside countries: above all the existence of unsustainable trade deficits under full convertibility. The …

international trade in equity that encompasses complete and incomplete asset market scenarios. By separating asset prices and …