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 …

This paper reviews some indices of trade restrictiveness and trade facilitation and compares
the trade impact of different types of trade restrictions applied at the border with the effects of …

Trade elasticity which varies widely across products is a crucial parameter in evaluating the
welfare impacts of changes in trade frictions. We estimate trade elasticities at the product …

To meet the targets of the EU's Fit for 55 package, the European Commission proposed in
July 2021 to implement a Carbon Border Adjustment Mechanism (CBAM) to replace free …

Technology and globalization are threatening manufacturing's traditional ability to deliver
both productivity and jobs at a large scale for unskilled workers. Concerns about widening …

We develop a novel two stage methodology that allows us to study the empirical
determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex …

This paper estimates the welfare effects of Brexit in the medium to long run, focusing on
trade and fiscal transfers. We use a standard quantitative general equilibrium trade model …

With ever-increasing political tensions between China and Russia on one side and the EU
and the US on the other, it only seems a matter of time until protectionist policies cause a …

This article describes a new fact, then analyzes its causes and consequences: in most
countries, import tariffs and nontariff barriers are substantially lower on dirty than on clean …

Preferential trade agreements have boomed in recent years and extended their reach well
beyond tariff reduction, to cover policy areas such as investment, services, competition and …