We survey recent literature on the causes of the collapse in international trade during the
2008–2009 global recession. We argue that the evidence points to the collapse in …

This article compares government responses to the Great Recession of 2008–2009 with
government responses to recessions and other economic challenges in the period 1974 …

Abstract The Russian–Ukrainian war is a dramatic effect of the growing imbalances and
instability of the global economic and political order, together with other effects that this …

A large and growing number of countries participate in multiple preferential trade
agreements (PTAs), which increasingly entail broad cooperation over policies extending far …

We study the collapse of international trade flows during the global financial crisis using
detailed data on monthly US imports. We show that credit conditions were an important …

Studies of the impact of trade restrictiveness on growth, poverty or unemployment are
frequent in the academic literature. Few authors, however, provide a precise definition of …

“TRADE is BAD.” So wrote President Donald Trump on a draft speech he was editing on Air
Force One while returning from a G-20 summit meeting in 2017.1 This statement reflects the …

We offer a new explanation as to why international trade is so volatile in response to
economic shocks. Our approach combines the idea of uncertainty shocks with international …

This paper develops a multicountry model of international trade that provides a simple
microfoundation for buyer-seller relationships in trade. We explore a rich data set that …

International institutions, from the International Monetary Fund to the International Olympic
Committee, are perceived as bastions of sclerotic mediocrity at best and outright corruption …