Results

Blog

Vox EU:

Supply chain disruptions: Shocks, links, and hidden exposure

Supply chain disruptions are routinely blamed for things ranging from elevated inflation to shortages of medical equipment in the pandemic. But how should exposure to foreign supply chains be measured? Using a global inp...Read more...

Journal article

Asian Economic Policy Review:

Deconstructing Deglobalization: The Future of Trade is in Intermediate Services

This article contests the idea that the world has entered a post-globalization era. It argues that rapid globalization has evolved rather than ended. Even though the global goods trade-to-GDP ratio reached its zenith 15 ...Read more...

Journal article

Annual Review of Economics :

Risks and global supply chains: what we know and what we need to know

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs had been either shorter and...Read more...

Blog

VoxEU:

Global supply chain risk and resilience

Supply disruptions caused by systemic shocks such as Brexit, Covid, and Russia-Ukraine tensions have catapulted the issue of risk in global supply chains to the top of policy agendas. In some sectors, however, there is a...Read more...

CentrePiece article

Industrial policy: why governments pick losers

Frédéric Robert-Nicoud and Richard Baldwin explain why governments often support ailing sectors....Read more...

CEP discussion paper

A Simple Model of the Juggernaut Effect of Trade Liberalisation

This paper posits a formal political economy model where the principle of reciprocity in multilateral trade talks results in the gradual elimination of tariffs. Reciprocity trade talks turn each nation’s exporters into a...Read more...

CEP discussion paper

Protection for Sale Made Easy

Formal analysis of the political economy of trade policy was substantially redirected by the appearance of Gene Grossman and Elhanan Helpman’s 1994 paper, “Protection for Sale”. Before that article a fairly wide range of...Read more...

CEP discussion paper

Offshoring: General Equilibrium Effects on Wages, Production and Trade

A simple model of offshoring is used to integrate the complex gallery of results that exist in the theoretical offshoring/fragmentation literature. The paper depicts offshoring as ‘shadow migration’ and shows that this a...Read more...

CEP discussion paper

Entry and Asymmetric Lobbying: Why Governments Pick Losers

Governments frequently intervene to support domestic industries, but a surprising amount of this support goes to ailing sectors. We explain this with a lobbying model that allows for entry and sunk costs. Specifically, p...Read more...

CEP discussion paper

Trade and Growth with Heterogeneous Firms

This paper explores the impact of trade on growth when firms are heterogeneous. We find that greater openness produces anti-and pro-growth effects. The Melitz-model selection effects raises the expected cost of introduci...Read more...