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Keywords:trade OR Trade 

GDP Gain Realized in Shale Boom’s First 10 Years

The U.S. shale boom has benefited the nation’s oil trade balance and oil-producing regions and led to unusually large employment and output gains.
Dallas Fed Economics

Understanding the Net International Investment Position

The U.S. NIIP is the difference between U.S.-owned foreign assets and foreign-owned U.S. assets. Why has the NIIP become more negative in recent years?
On the Economy

Conference Paper
Trade deficits in the long run

Proceedings

The Role of Innovations in Global Trade: The Shipping Container

A simple trade innovation—the use of shipping containers—may have contributed to the rapid expansion of global trade over the past 50 years.
On the Economy

Protectionism and Dependence on Imports of Essential Medical Equipment

The COVID-19 global pandemic has led to a surge in protectionism, which poses challenges to countries dependent on imports of essential medical equipment.
On the Economy

Report
A puzzle for the world

An analysis of the strength of the U.S. dollar in 1984 and imbalances in U.S. international transactions.
Annual Report , Issue Apr

Working Paper
Inventories, lumpy trade, and large devaluations

Fixed transaction costs and delivery lags are important costs of international trade. These costs lead firms to import infrequently and hold substantially larger inventories of imported goods than domestic goods. Using multiple sources of data, the authors document these facts. They then show that a parsimoniously parameterized model economy with importers facing an (S, s)-type inventory management problem successfully accounts for these features of the data. Moreover, the model can account for import and import price dynamics in the aftermath of large devaluations. In particular, desired ...
Working Papers , Paper 08-3

Working Paper
Border effects within the NAFTA countries

Using consumer price indexes from cities in the U.S., Canada and Mexico, we estimate the "border effect" on U.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very stable sub-period in Mexico (May 1988 to November 1994), the "width" of the U.S.-Mexican border falls dramatically and becomes approximately equal to the U.S.-Canadian border. We then show that when consideration is limited to cities lying geographically very close to the U.S.-Mexican border--San Diego, Los Angeles, Houston, Dallas, Tijuana, ...
International Finance Discussion Papers , Paper 698

Journal Article
Legislative update : Fast track to freer trade?

Econ Focus , Volume 7 , Issue Win , Pages 5

Working Paper
Terrorism, Trade and Welfare: Some Paradoxes and a Policy Conundrum

We present a standard trade model and show that terrorism can be trade inducing, starting from autarky. In addition, terrorism can be shown to be welfare augmenting for a group of nations. Finally, we present some qualitative conditions that identify when a nation?s trade volume may rise (or fall) in response to a greater incidence of terrorism. Our trade and welfare results point to potential difficulties in international coordination of counterterrorism policy because of terrorism?s differential impact across nations.
Working Papers , Paper 2016-2

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