initial exposure to trade in the 1970s were disproportionately affected by the ensuing dollar appreciation in the 1980s, and … Melitz model extension with sunk fixed costs, which leads to a dynamic gravity equation whereby shocks to trade have …

The impact of exchange rate fluctuations on international trade has long been a major concern for policy-makers. This … is particularly the case in Europe, where countries trade extensively with each other. The crisis that began in the … Summer of 1992 generated increased exchange rate fluctuations and, therefore, renewed concerns about consequences for trade …

We study the incidence of offshoring, or trade in tasks, on firms' productivity and on manufacturing employment in a … standard economic-geography model with iceberg trade costs and a continuum of tasks. In a two-countries world where one country … equilibrium incidence of offshoring on labor demand is shown to depend on offshoring costs and trade costs. For high enough …

Debt is Irrelevant - David Barrows -- II. Trade -- 4. The Ambiguous Effects of Pursuing Current Account Surpluses - Nina …, trade, taxes, exchange rates and monetary policy. For each topic, there are two authors — one arguing for a certain policy …