Two of the most commonly accepted theories for the origin of money are the commodity theory and the chartalist theory. Both have drawbacks, but in recent years, the chartalist theory has gained much ...

Discover how absolute advantage boosts trade by enabling higher production of goods or services at the same or lower cost ...

To provide an idea of the level on the job market, here are some of the outstanding trade job market papers from the last few years: Bordeu, Olivia (2023) "Commuting Infrastructure in Fragmented ...

On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing field in global trade – by treating other countries the way (he ...

This explainer from Mike Feroli at JPMorgan does a pretty good job showing why a focus on trade deficits as a measure of US economic vitality is wrongheaded (bold is by me): When each worker in the ...