We develop a network trade model with country-sector level input-output linkages. It includes (1) domestic and global value chain linkages between all country-sectors, (2) direct as well as indirect shipments (via other sectors and countries) to a final destination, (3) value added rather than...

This paper develops a gravity model with sector-level input-output linkages in production. In contrast to a traditional gravity approach, which relies on direct gross exports between bilateral trade partners, our model additionally includes (1) domestic and global value chain linkages between...

This report is the first to estimate employment effects of looming American protectionism under US president Trump. We study the economic impact of a tightening of US trade policy on Belgium and on every EU member state, which we refer to as “America First” or “Trumpit” (like...