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We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the idea of uncertainty shocks with international trade. Firms order inputs from home and fore...Read more...
Dennis Novy and Alan M. Taylor
1 October 2020
We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the ...Read more...
21 May 2014
Giuseppe Berlingieri looks at the structural transformation of the US economy over the past 60 years....Read more...
Giuseppe Berlingieri
5 February 2014
This paper investigates the impact of outsourcing on sectoral reallocation in the U.S. over the period 1948-2002. Roughly 40% of the growth of the service sector comes from professional and business services. This is an ...Read more...
Revised September 2014