Quantification of welfare changes due to trade liberalization plays a crucial role for political decision making. However, significant differences in simulated gains from liberalization do not serve to increase confidence in quantitative assessments based on trade models. A meta-analysis of...

We assess exchange rate pass‐through when the Ruble exchange rate was managed in comparison with when it became free‐floating. Estimates of the error correction model for milling wheat prices suggest exchange rate pass‐through to be strongest in Russia's North Caucasus, the region closest...

Black Sea wheat exporters, led by Russia, dominate Egypt's wheat imports via a tender system. The tenders are managed by the GASC and their outcomes are communicated worldwide by financial news agencies. Building on a transaction-specific dataset on GASC tenders (2011 - 2019), results of our...