This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in…
is almost always easier to see more clearly in retrospect. Some develop- ments, viewed from the vantage point of history, look more…
Trade is high on the agenda in the United States, Europe, and much of Asia this year. In the US, where concern has been heightened by weak…
Many claim that China will soon overtake the US. I argue that this claim is based on a misuse of statistics. The International Comparison…
This volume brings together a selection of recent articles by leading scholars on the economics of international trade and the environment…
Economic theory teaches us that it is in every country's own best interest to engage in trade. Trade therefore is a voluntary activity…
The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as…
For a United States citizen, the short trip to Havana requires navigating an obstacle course, owing to the trade and travel embargo that…
Book abstract: The field of Environmental Economics is more important than ever, with new economics theories quickly becoming government…
Fiscal policy is taking centre stage. Among advanced countries, the news is bad; Europe’s periphery teeters, the UK slashes, the US…