Supply chains are vulnerable to disruptions. Julien Martin, Isabelle Mejean and Mathieu Parenti introduce a new measure of ‘relationship stickiness’ which quantifies these vulnerabilities
Relationship stickiness in international trade Read More »
Payments are a vital part of the global and interconnected financial ecosystem. Michelle Bowman considers the evolving payments landscape
Advancing crossborder payments and financial inclusion Read More »
Trade finance subsidies, usually provided by export credit agencies, are the predominant tool of industrial policy. Poorya Kabir, Adrien Matray, Karsten Müller and Chenzi Xu discuss the effect of the effective shutdown of the Export–Import Bank of the US (EXIM) from 2015—2019 on firm outcomes
The real effects of trade financing by export credit agencies Read More »
Chinese export dominance is no longer confined to low-wage sectors. Klaus Friesenbichler, Agnes Kügler and Andreas Reinstaller suggest a series of possible policy responses
Central banks have embarked on the largest and most synchronised global monetary policy tightening in a generation. Agustín Carstens reflects on the year ahead and the journey towards price stability
Where are we on the journey towards price stability? Read More »
The US has dropped its support for unhindered international digital trade. Patrick Leblond argues that it now makes an e-commerce agreement at the WTO more likely
After USTR’s move, global governance of digital trade is fraught with unknowns Read More »
Since 2018 China has pursued a clear, stated objective of self-reliance. Francois de Soyres and Dylan Moore investigate the extent to which China is making progress towards its goals
Assessing China’s efforts to increase self-reliance Read More »
The long era of the Great Divergence has come to an end. Ewout Frankema argues that we need to focus on the economic divergence across the Global South
From the Great Divergence to South-South divergence Read More »
Industrial policy is at the heart of modern economic policy. Réka Juhász, Nathaniel Lane and Dani Rodrik assess the latest research and consider how to do industrial policy well
The new economics of industrial policy Read More »
Renee Bowen, Lawrence Broz and Peter Rosendorff explore the major transitions in US trade policy since the Civil War, and demonstrate that shocks like the Civil War and the Great Depression pave the way for trade policy transitions
A theory of US trade policy transitions Read More »
