…the negative impact of Trump’s tariffs on their economies. Moreover, the economic destabilization caused by the US-China trade war will also weigh on the outlook to the global economy, incentivizing…

…to begin negotiations for a free trade pact between Canada and the European Union. A Canada-EU study released last week outlines the joint economic benefits of such a partnership, with…

…change. Trade was modelled only as trade in finished goods. So it is hard to say how prices should change in order to mimic the effects of a devaluation. Also…

…1991 and 2001. But compared to previous recoveries and the depth of the recession this still looks like an extremely weak recovery. The major revision was in the trade sector…

On the forefront of the Chinese economic releases this week was the trade data, where headlines shouted +48.5% Y/Y export growth in May. This report didn’t go unnoticed in Washington,…

…in the trade balance or the current account. Prior to the late 1970s, early 1980s, the US normally ran a small trade surplus year in and year out. This reflected…

rdan Finacial Times points us to WTO thinking on trade issues and cap and trade agreements. (log in required) Countries implementing cap-and-trade systems for greenhouse gases may be able to…

…assets. The idea is that there are 2 periods, period and period 1. IN period agents trade financial assets which are all in zero net supply. The state the world…

…of output. But we do not directly measure output. Rather, we measure consumption and adjust that for changes in trade and inventories to indirectly measure output. Because of this methodology…

…To import $1 million of goods, for example, an importer would need ICs that were the byproduct of $1 million of exports. The inevitable result: trade balance.” Carbon Cap anyone?…