Trade policy

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09 May 2016

The rebellion of globalisation’s losers

What’s at stake: The prevailing narrative for the rise of anti-establishment politicians is that advocates of integration vastly underestimated the pl

04 April 2016

Trade deficits and jobs at the ZLB

What’s at stake: In the populist narrative against globalization, trade deficits are seen as costing jobs. While this mercantilist view of the world i

17 March 2016

The UK’s sovereignty myth

Those who argue that Brexit would let the UK “take back sovereignty” overlook the impact of trade on domestic law-making.

17 February 2016

The Eurozone needs less heterogeneity

Misalignments of real exchange rates continue to be the most visible and painful symptom of asymmetric shocks within the Eurozone. An important factor

26 November 2015

Real exchange rates in conflict zones

Several countries experiencing conflict have been able to maintain a stable nominal exchange rate and thereby their real exchange rates were either st