In 2018, the United States launched a trade war with China, marking an abrupt departure
from its historical leadership in integrating global markets. By late 2019, the United States …

This chapter reviews a recent body of theoretical and empirical work that studies the
normative and positive aspects of trade policy. We start by presenting reduced-form …

Pollution exacerbates a region's water scarcity by making water unfit for different uses and
reducing freshwater availability. Local water scarcity may lead to economic output losses …

We develop a novel two stage methodology that allows us to study the empirical
determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex …

We examine the impact of policy uncertainty on trade, prices, and real income through firm
entry investments in general equilibrium. We estimate and quantify the impact of trade policy …

A large and growing number of countries participate in multiple preferential trade
agreements (PTAs), which increasingly entail broad cooperation over policies extending far …

How do global supply chain linkages modify countries' incentives to impose import
protection? Are these linkages empirically important determinants of trade policy? To …

Water scarcity is increasingly perceived as a great challenge to the sustainable
development of human society. The economic output loss due to water scarcity is defined as …

The WTO has delivered policy outcomes that are very different from those likely to emerge
out of the recent wave of preferential trade agreements (PTAs). Should economists see this …

This article surveys the economics of industrial policy as it relates to the World Trade
Organization (WTO). Motivated by concern that the modern use of industrial policy is …