Since President Trump’s inauguration in 2017, rigorous US-China trade friction has rippled through global economy. Indeed, under President Trump’s America First doctrine, owing to China’s unfair trade practice, China has ...

We perform a full dynamic inversion at low frequencies of the 16 December 2007 (Mw = 6.7) northern Chile earthquake that we model as a simple elliptical patch. We use two different stress-friction end-member models: ...

When export opportunities arise, the gains from trade can only be materialized if the economy adjusts. In order to expand and meet new markets, firms must hire new workers and tune their capital stock by investing in product ...

How does welfare change in the short- and long-run when trade integration takes place under imperfect labor markets? Even if consumers benefit from lower prices, there can be significant welfare losses from increases in ...

Because of scale effects, idea-based growth models imply that larger countries should be much richer than smaller ones. New trade models share the same counterfactual feature. In fact, new trade models exhibit other ...

How does welfare change in the short- and long-run in high wage countries when integrating with low wage economies like China? Even if consumers benefit from lower prices, there can be significant welfare losses from ...

There is substantially more trade within national borders than across borders. An important explanation for this fact is the weak enforcement of international contracts. We develop a model in which agents build reputations ...