Immigration restrictions and natives’ intergenerational mobility: Evidence from the 1920s US quota acts
Much of the debate over the consequences of immigration restrictions for labour market outcomes of native-born workers focuses on short-run wage competition. This column exploits
FDI and growth in the age of global value chains
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep financial markets to absorb spillovers. This
Navigating the complex world of non-tariff measures
For decades, global trade debates have centered on tariffs – the duties countries impose on imported goods. Today, a new, more complicated set of trade
Political polarisation drives talent away: Evidence from Spain’s health sector
Given the growing prevalence of political and social polarisation, understanding its effects on society is of paramount importance. This column discusses the effects of an
Bilateral trade in services: A new research database
While trade debates focus on tariffs and goods, services have quietly defied deglobalisation and become an increasingly important driver of growth. Services trade not only
The Federal Reserve, the new administration, and the outlook for the economy and monetary policy
The new US administration has made the Federal Reserve’s monetary policymaking more complicated both because of the elevated uncertainty regarding administration policies and because of
