Some of Donald Trump’s policy proposals could have profound macroeconomic implications, but there is large uncertainty around the (net) economic effects a second Trump term would have. For instance, would the US dollar appreciate due to new tariffs, or would it fall in the face of Trump’s repeated vocal opposition to a strong dollar? And […]
Climate-related risks are now a recognised factor in financial decision-making and therefore in the prices of assets. Two types of climate-related risks are generally recognised: transition risks and physical risks. Transition risks arise because of changes in policies, technologies, and consumer and investor preferences that are already occurring and will need to occur in the […]
An important question in international macroeconomics is the degree to which advanced economy (AE) investors impact the economic policies of emerging market economy (EME) borrowers. The basic question about how EMEs can manage their economies has been discussed generally through the debate about the Mundell-Fleming ‘policy trilemma’ and its implications for open capital markets in […]
Trade in services has been relatively neglected in trade policy debates. This column argues that this is partly due to the fact that ‘mode 3’ services, the biggest mode of supply for services trade whereby companies establish a physical presence abroad to deliver services to foreign customers, are systematically missing from official trade statistics. A […]
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