This paper investigates the macroeconomic policy challenges associated with a prospective continuation of international trade and financial integration over the next two decades, making use of a global macroeconomic model newly developed by the OECD. The analysis has several important policy...

European countries have set ambitious goals to reduce their carbon emissions. These goals include a transition to electric vehicles (EVs)-a sector that China increasingly dominates globally-which could reduce the demand for Europe's large and interconnected auto sector. This paper aims to size...