The recent trade disputes and the technological rivalry between the US and China make the effects of trade policy one of the most relevant economic subject areas. We employ a multi-country, multi-sector general equilibrium modelling framework with imperfect competition and heterogeneous firm...

Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...

If sectoral trade flows obey structural gravity, countries’ bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive...

The COVID-19 outbreak has cut China's supply of and raised the world's demand for face masks, disinfectants, ventilators, and other critical medical goods. This article studies the economic and political factors that are associated with China's exports of medical equipment during the first two...

In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the so-called phase one agreement has risen. To this end, the paper quantifies the impact of the asymmetric managed trade agreement using such a multi-country open-economy dynamic...

Die ökonomischen Folgen der Pandemie sind noch nicht voll sichtbar und werden sehr wahrscheinlich noch länger spürbar sein. Zusammen mit den Präsidenten von sechs Wirtschaftsforschungsinstituten der Leibniz-Gemeinschaft wollen wir zunächst über die Auswirkungen der Pandemie auf den...

This panel will tackle some of the difficult questions around trade and sustainability that have been brought into stark focus by the coronavirus pandemic. We will explore the role of international cooperation as a way out of the COVID-19 crisis, and how trade and trade agreements help with...

Der Vortrag beleuchtet, dass die chinesische Seidenstraßen-Initiative eine Vielzahl an Chancen für die deutsche Wirtschaft bietet, aber auch Herausforderungen mit sich bringen wird. Die zu erwartenden Änderungen in der Transportinfrastruktur werden zu einer Verringerung der Transportzeiten...

GFFA panel discussion “Conducting trade, delivering trust: Quality and transparency in the international agricultural trade with Eastern Europe and Asia” In the scope of the planned panel discussion, representatives from the worlds of politics, business and science discuss the perspectives...

This event as part of the Global Forum for Food and Agriculture (GFFA). The expert panel focuses on how to sustainably drive the expansion of animal production using German expertise putting regional emphasis on Asia and Eastern Europe. It provides the opportunity to deepen the understanding of...