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Focus
Using an original and new data set of more than 1.9 million bilateral trade observations for the 1827-2014 period, and so far the most comprehensive database on world trade, Michel Fouquin and Jules Hugot suggest that the first globalization started at the very begining of the 19th century, that is decades erlier than usually assumed. Then, they show that this first wave has mainly been supported by intra-regional trade, as was the second one, initiated in the 1970s. >>> |
publications
- Through the lenses of the natural rate of interest, European monetary policy appears to be too loose since 2015
Stéphane Lhuissier
- Two Centuries of Bilateral Trade and Gravity Data: 1827-2014
Michel Fouquin, Jules Hugot - Back to the Future: International Trade Costs and the Two Globalizations
Michel Fouquin, Jules Hugot - Competing Liberalizations: Tariffs and Trade in the 21st Century
Jean-Christophe Bureau, Houssein Guimbard, Sébastien Jean - On the impact of dollar movements on oil currencies
Gabriel Gomes - Climate and finance systemic risks, more than an analogy? The climate fragility hypothesis
Michel Aglietta, Etienne Espagne - A European Disease? Non-tradable inflation and real interest rate divergence
Sophie Piton - Making (Small) Firms Happy. The Heterogeneous Effect of Trade Facilitation Measures
Lionel Fontagné, Gianluca Orefice, Roberta Piermartini - Exchange Rate Pass-through in Emerging Countries: Do the Inflation Environment, Monetary Policy Regime and Institutional Quality Matter?
Antonia Lopez-Villavicencio, Valérie Mignon
Charles Bean on " Services and new technologies : is GDP underestimated ? "
May 31, 2016
Hélène Rey on " the future of the Eurozone "
June 10, 2016
Discussion - India: Better than most, but could it be better?
June 10, 2016
16th Doctoral Meetings in International Trade and International Finance
July 5 - 6, 2016
Edito
Regional trade agreements are not the game-changer they are often supposed to be. Not yet. Through a comprehensive overview of tariffs and trade worldwide, Jean-Christophe Bureau, Houssein Guimbard and Sébastien Jean pour cold water on the notion that regionalism has shaped trade policies since the turn of the century. While MFN tariffs were cut by one-third between 2001 and 2013, more than half was a result of countries’ own initiatives. Regionalism only cut marginally applied tariff duties worldwide, by 0.3 p.p. on average between 2001 and 2013. However, if ongoing RTA negotiations were concluded, they would change radically this picture. >>> |
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ISSN: 1255-7072
Editorial Director : Antoine BouëtManaging Editor : Dominique Pianelli