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Caliendo, Lorenzo; Parro, Fernando - National Bureau of Economic Research - 2022

We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …

Persistent link: https://www.econbiz.de/10013361989

The 2014 Russia Shock and Its Effects on Italian Firms and Banks

Federico, Stefano; Marinelli, Giuseppe; Palazzo, Francesco - National Bureau of Economic Research - 2023

We study how a demand shock in an export market propagates to the exporting country's banking system. Using the dual shocks of sanctions and falling oil prices suffered by Russia in 2014, we investigate the effects on Italian firms and banks more exposed to the Russian market. This event implied...

Persistent link: https://www.econbiz.de/10014250188

The Linear Algebra of Economic Geography Models

Kleinman, Benny; Liu, Ernest; Redding, Stephen - National Bureau of Economic Research - 2023

We provide sufficient statistics for nominal and real wage exposure to productivity shocks in a constant elasticity economic geography model. These exposure measures summarize the first-order general equilibrium elasticity of nominal and real wages in each location with respect to productivity...

Persistent link: https://www.econbiz.de/10014322852

Putting Quantitative Models to the Test : An Application to Trump's Trade War

Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave - National Bureau of Economic Research - 2023

The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility of such quantitative predictions we introduce an IV-based goodness-of-fit...

Persistent link: https://www.econbiz.de/10014322709

Quotas in General Equilibrium

Baqaee, David; Sangani, Kunal - National Bureau of Economic Research - 2025

We analyze economies with quotas and other quantity-based distortions. We show that any feasible, distorted allocation of resources can be implemented as the competitive equilibrium of an economy with quotas. Unlike economies with wedges, economies with quotas are constrained efficient and thus...

Persistent link: https://www.econbiz.de/10015398147

Scaling Agricultural Policy Interventions

Bergquist, Lauren Falcao; Faber, Benjamin; Fally, Thibault - National Bureau of Economic Research - 2022

Policies aimed at raising agricultural productivity have been a centerpiece in the fight against global poverty. Their impacts are often measured using field or quasi-experiments that provide strong causal identification, but may be too small-scale to capture the general equilibrium (GE) effects...

Persistent link: https://www.econbiz.de/10013477196

Global Supply Chain Pressures, International Trade, and Inflation

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - National Bureau of Economic Research - 2022

We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...

Persistent link: https://www.econbiz.de/10013334457

Post-Neoliberal Globalization : International Trade Rules for Global Prosperity

Guzman, Martín; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024

This paper analyzes frameworks for the design of the rules for international trading, assuming that it is possible to have some rule of law. In the Arrow-Debreu benchmark, where there is no economic power and political power is seemingly irrelevant, there is no need for trade agreements - free...

Persistent link: https://www.econbiz.de/10014576561

National Sovereignty in an Interdependent World

Bagwell, Kyle - 2004

What are the sovereign rights of nations in an interdependent world, and to what extent do these rights stand in the way of achieving important international objectives? These two questions rest at the heart of contemporary debate over the role and design of international institutions as well as...

Persistent link: https://www.econbiz.de/10012468444

General Equilibrium Trade Modelling with Canada-US Transportation Costs

He, Chuantian - 2017

Transportation costs are an important topic in international trade, but seldom have researches paid attention to general equilibrium trade modelling with transportation costs and explored their relevant effects. This paper uses different numerical general equilibrium trade model structures to...

Persistent link: https://www.econbiz.de/10012455181