Results

External report

International Trade: Issue 2

Over the last four decades, many developing countries initiated reforms that have lowered barriers to trade. Yet despite these reforms, developing countries still remain far less open than developed ones, both because of...Read more...

Journal article

The Quarterly Journal of Economics:

Globalization, trade imbalances, and labor market adjustment

We argue that modeling trade imbalances is crucial for understanding transitional dynamics in response to globalization shocks. We build and estimate a general equilibrium, multicountry, multisector model of trade with t...Read more...

CEP discussion paper

Globalization, trade imbalances and labor market adjustment

We study the role of global trade imbalances in shaping the adjustment dynamics in response to trade shocks. We build and estimate a general equilibrium, multi-country, multi-sector model of trade with two key ingredient...Read more...