Economic sanctions on trade and financial activities are increasingly being used around the world. This column develops a model
Victor D. Norman, who passed away in September 2024, was a leading figure in international economics. This column outlines
Increasing geopolitical fragmentation can create dilemmas for neutral countries. This column studies how firms in neutral countries adjusted their
The sharp decline in correspondent banking over the past decade has raised concerns that the associated disruptions in cross-border
Wage insurance that compensates those directly negatively affected by trade can cost-effectively help workers who most need assistance and
The impact of a US-China technological decoupling on trade, foreign direct investment, and welfare is quantified using a simple
Despite exceeding 100% of GDP, US public debt is considered safe due to the country’s role as a safe
As the global economy fragments along geopolitical lines, countries are seeking new ways to flourish, or at least insulate
Industrial policy is in vogue among policymakers globally. This column examines the shielding effect that membership of a preferential
As the fight against climate change intensifies, governments are exploring all available policy tools, including trade policy. But does
Economic sanctions on trade and financial activities are increasingly being used around the world. This column develops a model
Victor D. Norman, who passed away in September 2024, was a leading figure in international economics. This column outlines
Increasing geopolitical fragmentation can create dilemmas for neutral countries. This column studies how firms in neutral countries adjusted their
The sharp decline in correspondent banking over the past decade has raised concerns that the associated disruptions in cross-border
Wage insurance that compensates those directly negatively affected by trade can cost-effectively help workers who most need assistance and
The impact of a US-China technological decoupling on trade, foreign direct investment, and welfare is quantified using a simple
Despite exceeding 100% of GDP, US public debt is considered safe due to the country’s role as a safe
As the global economy fragments along geopolitical lines, countries are seeking new ways to flourish, or at least insulate
Industrial policy is in vogue among policymakers globally. This column examines the shielding effect that membership of a preferential
As the fight against climate change intensifies, governments are exploring all available policy tools, including trade policy. But does
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