Since the outbreak of the Covid-19 pandemic, the configuration of international supply chains has received increased public attention. Pandemic-related disruptions in production and transportation have led to questions about the reliability of international production networks. Moreover, the war...

This paper documents a substantial change in regional trade patterns precipitated by the war on Ukraine and the subsequent introduction of trade sanctions on Russia. It provides evidence suggestive of intermediated trade via neighbouring economies being used to circumvent the sanctions. The...

This paper uses data on the near universe of job adverts posted online in the US to study the impact of the 2018 trade war on US job opportunities. We develop measures of labour market exposure to three key channels of impact from the trade war: import protection for US producers, the higher...

Geo-political tensions and disruptions to global value chains have led policy makers to re-evaluate their approach to globalisation. Many countries are considering regionalisation and friend-shoring – trading primarily with countries sharing similar values – as a way of minimising exposure...