The CEPII Newsletter       
February 2017        

The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources

Travel visas impose additional costs to firms when engaging in international trade

Removing visas would increase welfare by nearly 10% for some sub-Saharan African countries and by 1,5 % on average for developing countries. For policy makers this paper highlights the importance of including visa facilitation schemes into the provisions of trade agreements and other economic partnerships.
Camilo Umana Dajud

  • Applied Economics
    Oil currencies in the face of oil shocks: what can be learned from time-varying specifications?

       Valérie Mignon, Jean-Pierre Allegret, Cécile Couharde, Tovonony Razafindrabe



The year 2015 has been added to the harmonized international trade data: values and quantities traded for more than 5000 products and more than 200 countries, starting in 1994 are available for COMTRADE subscribers

  Facts & Figures


This is the economic effect of an uncertainty shock on industrial production, which was measured by the election of Donald Trump in September 2016, which we refer to as “The Trumpian uncertainty shock”. Economists have –for a long time– been looking at the consequences of uncertainty. New empirical methods allow to measure its intensity over time and then to quantify its impact on business cycle fluctuations.
Fabien Tripier & Stéphane Lhuissier


ISSN: 1255-7072
Editorial Director : Sébastien Jean
Managing Editor : Dominique Pianelli