What are the economic consequences of geopolitical fragmentation on trade? We answer
this question by using a canonical general equilibrium trade model to quantify the trade and …

One of the pillars of the 1957 Treaty of Rome that ultimately led to the European Union is the
commitment to the four freedoms of movement (goods, services, persons, and capital). Over …

Gravity as both fact and theory is one of the great success stories of recent research on
international trade, and has featured prominently in the policy debate over Brexit. We first …

At the time it voted to exit in 2016, the UK was a leading economy within the EU. It
contributed about 16 percent of the EU GDP, while the other EU countries accounted for …

To what extent has trade liberalization contributed to global and regional production
fragmentation and the formation of production networks? We derive structural equations for …

We build on,) and derive a theoretically grounded criterion that allows targeting bans on
exports to a sanctioned country at the level of∼ 5,000 six-digit HS products. The criterion …

We propose novel estimates of the economic consequences of undoing European goods
and services markets integration. Using a quantitative multi-country, multi-sector trade …

Deep trade agreements (DTAs) are widespread and have taken the world beyond tariff
liberalization in goods trade. As the importance of global supply chains and the services …

How do trade costs affect international trade? This paper offers a new approach. We rely on
a flexible gravity equation that predicts variable trade cost elasticities, both across and within …

Exploiting changes in the geography of economic integration in Europe, this paper
quantifies the effects of Brexit from ex post to ex ante using structural gravity. By isolating the …