Trade policy uncertainty (TPU) has become an important source of economic uncertainty
and research. We review the main sources and measures of TPU. We then provide a …

China's emergence as a great economic power has induced an epochal shift in patterns of
world trade. Simultaneously, it has challenged much of the received empirical wisdom about …

The fall of labor's share of GDP in the United States and many other countries in recent
decades is well documented but its causes remain uncertain. Existing empirical …

An Advanced Guide to Trade Policy Analysis is a follow up to A Practical Guide to Trade
Policy Analysis. The Advanced Guide provides the most recent tools for analysis of trade …

Does inflation vary across the income distribution? This article reviews the growing literature
on inflation inequality, describing recent advances and opportunities for further research in …

We study the welfare costs of markups in a dynamic model with heterogeneous firms and
endogenous markups. We provide aggregation results summarizing the macro implications …

Between 1990 and 2008, air pollution emissions from US manufacturing fell by 60 percent
despite a substantial increase in manufacturing output. We show that these emissions …

This chapter focuses on the estimation and interpretation of gravity equations for bilateral
trade. This necessarily involves a careful consideration of the theoretical underpinnings …

We review a recent body of theoretical work that aims to put numbers on the consequences
of globalization. A unifying theme of our survey is methodological. We rely on gravity models …

This paper examines how prices, markups, and marginal costs respond to trade
liberalization. We develop a framework to estimate markups from production data with multi …