supply chains increases the level of consumer prices in most countries, as well as producer prices, especially for trade … trade would decrease substantially, driven by lower trade in intermediate inputs and a higher reliance of countries on …

supply chains increases the level of consumer prices in most countries, as well as producer prices, especially for trade … trade would decrease substantially, driven by lower trade in intermediate inputs and a higher reliance of countries on …

Rising trade tensions, a spate of trade-inhibiting policy measures and a weakening of multilateral institutions have … sparked a growing concern about the potential implications of global trade fragmentation. Yet, empirical evidence that … geopolitical considerations are already materially affecting trade flows is scant. In this study, we quantify the impact of …

International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of … effects" that are arguably related to the ICT revolution that started around 1985, and (ii) the implementation of Free Trade … capture the emergence of GVCs by disentangling domestic and international trade in final goods and intermediate inputs …

In this paper, we apply textual analysis and machine learning algorithms to construct an index capturing trade tensions … between US and China. Our indicator matches well-known events in the US-China trade dispute and is exogenous to the … rising trade tensions, with the exception of those firms that are more exposed to China, while the same shock negatively …

In this paper we provide evidence on the existence of short-run trade diversion effects towards third countries as a … consequence of tariff shocks. We exploit sudden policy changes in the context of the trade dispute between the US and China. Based … short-run trade diversion effects towards third countries. This latter finding holds for product and country subgroups as …

whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken … dataset which considers a wide range of trade policies stretching beyond the traditionally considered tariff and trade defence … measures. We find that the specter of protectionism has not been banished: Countries continue to pursue more trade …

This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade … flows. By applying a state-of-the-art structural gravity model with intranational (i.e., domestic) trade and using … disaggregated data, we quantify both the trade impact and the observed heterogeneity in the FTA estimates. In line with literature …

whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken … dataset which considers a wide range of trade policies stretching beyond the traditionally considered tariff and trade defence … measures. We find that the specter of protectionism has not been banished: Countries continue to pursue more trade …