Abstract On June 23, 2016, the United Kingdom voted to leave the European Union. The
trade policies that will replace EU membership are uncertain, however, and speculation …

This paper examines the factors driving housing price exuberance in the United States,
specifically the influence of expansionary monetary policies and the global saving glut. We …

Globalization is accompanied by increasing current account imbalances. They can
undermine the positive impacts of increasing international cooperation and trade on …

In the context of the debate on the global imbalances, this study investigates the
determinants of US trade balance in a non‐linear ARDL framework, which accounts for the …

Competing macroeconomic hypotheses have been developed to explain the US housing
market and possible bubble behavior. We employ both seasonally adjusted (SA) and non …

The age distribution influences capital flows through aggregate saving and labor supply. To
quantify this, I build a dynamic model featuring overlapping generations and international …

US President Trump has threatened to leave the North American Free Trade Agreement.
How much would each member country gain or lose if this threat were carried out? Would …

This study investigates the dynamics between US monetary policy and its bilateral trade
deficit with China. Applying an ARDL version plugged into the Markov switching model to …

Abstract After the Global Financial Crisis, the US housing market has been studied
extensively from several dimensions to assess the causes for the price crash during 2007 …

Trade imbalances significantly alter the welfare implications of tariffs. Using an illustrative
model, we show that trade deficits enhance a country's ability to alter its terms of trade, and …