Protection is often viewed as a powerful instrument to help domestic firms to raise their sales at the expense of foreign importers. But this view is now being challenged by recent research showing that the effects of protection really depend on the international orientation of the firms i.e. whether they are exporters or not.
‘No gain without pain’: Antidumping protection hurts exports
Hylke Vandenbussche, Jozef Konings, 30 January 2013
Effects of exchange-rate misalignments on tariffs
Vera Thorstensen, Lucas Ferraz, Emerson Marçal, 4 December 2011
The subject of currency wars and trade wars is gradually gathering interest among scholars and public opinion. In the face of the magnitude of present misalignments and their clear impacts on trade, one may wonder why and how this issue is absent from trade rules and multilateral trade negotiations at the WTO in Geneva.
Determinants of trade-policy responses to the 2008 financial crisis
Kishore Gawande, Bernard Hoekman, Yue Cui, 10 November 2011
The “Great Trade Collapse” that occurred between the second quarter of 2008 and the third quarter of 2009 was the steepest fall of world trade in recorded world history. Despite the trade collapse, the 2008 crisis and its recessionary aftermath did not fuel widespread protectionism.
Corruption and its impact on trade: Extortion or evasion?
Pushan Dutt, Daniel Traça, 25 June 2009
In 2008, the World Bank allocated $4.4 billion for improving public sector governance in various countries and projects across the world. This equals an impressive 18.8% of total World Bank lending.
The Doha Round: A safety net in stormy weather
David Laborde Debucquet, Antoine Bouët, 14 May 2009
The current financial crisis has fostered a demand for protectionism, and could lead to new trade barriers as occurred after the October 1929 crisis. A parallel can easily be drawn between the current situation and the one that existed then.
Trade protection: Incipient but worrisome trends
Richard Newfarmer, Elisa Gamberoni, 4 March 2009
With the global economy teetering on the abyss of severe recession, political pressures demanding import protection to protect employment are surfacing with increasing intensity around the world.
Many trade barriers remain high in the EU
Natalie Chen, Dennis Novy, 27 January 2009
Establishing why some countries trade considerably less than others is one of the most important items on the agenda of international economists. A deeper understanding of the factors that impede international trade is important because it would enable a better evaluation of their welfare costs.
Antidumping in the EU: the time of missed opportunities
Hylke Vandenbussche, Maurizio Zanardi, 8 February 2008
Sixty years of GATT rounds have resulted in low levels of tariff protection, especially for developed countries. Constrained by these commitments, many countries have switched to other instruments to wield protection. Among these, antidumping duties are some of the most important.
Trade frictions with china: Do western policymakers have an end game?
Simon J Evenett, 15 December 2007
Starting a fight is often a lot easier than ending one. Over recent months policymakers in the European Union (EU) and the United States have escalated their denunciations of Chinese trade practices, product safety, and currency regimes. Some measures against Chinese exports have been taken--and more have been threatened--if China does not respond.
Estimating trade restrictiveness
Hiau Looi Kee, Alessandro Nicita, Marcelo Olarreaga, 18 July 2007
Whether it is in policy-making circles, high-level G-(pick your number) meetings or the academic literature, everyone talks and writes about the impact – good or bad – of more or less restrictive trade regimes on economic and social outcomes.
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- The lessons of the North Atlantic crisis for economic theory and policyStiglitz
- Rethinking macroeconomic policyBlanchard
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Reichlin, Baldwin, 14 April 2013
Reichlin, Turner, Woodford
CEPR Policy Research
- The "Greatest" Carry Trade Ever? Understanding Eurozone Bank RisksAcharya, Steffen
- Political Credit Cycles: The Case of the Euro ZoneFernández-Villaverde, Garicano, Santos
- Winning by Losing: Incentive Incompatibility in Multiple QualifiersDagaev, Sonin
- Income and schoolingBrückner, Gradstein
- Monetary Policy and Rational Asset Price BubblesGalí
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood
- Austerity: Too Much of a Good Thing?Corsetti