The impact of oil price shocks on the U.S. economy is a topic of considerable debate. In this paper, we examine the response of U.S. consumers to the 2014-2015 negative o[...]

The exchange rate elasticity of exports is often interpreted and estimated as an unconditional structural parameter in the literature. We show that this elasticity, in fa[...]

In this paper, we study the impact of Canada's adoption of protectionist trade policy in 1879 on Canadian welfare. Under the National Policy, the Canadian average weighte[...]

In this article we document Canada’s trade policy response to late nineteenth and early twentieth century globalization by linking newly digitized annual productspecific [...]

Multi-stage production is a significant source of gains from trade in many recent quantitative trade models. Meanwhile, specialisation across stages of production, or ‘ve[...]