Thierry Mayer, Gianmarco Ottaviano, 07 November 2007

Much of the public-policy thinking on globalisation – the Lisbon agenda, for example – focuses on winning and losing sectors. A network of teams working in tandem on eight national, firm-level datasets shows that, increasingly, both winners and losers can be found within the same sector. The analysis of firm-level data reveals new facts that are essential for future policy-making on competitiveness and globalisation.

André Sapir, 19 October 2007

The era when the EU focused on internal integration, leaving its external policy to be a by-product of internal dynamics, is over. In today’s fast-changing and challenging international environment, external economic relations have become too central an issue to the EU for it to remain a fragmented power. This column introduces a series of columns discussing how Europe might boost its influence in the world of economic policy-making.

Giuseppe Bertola, 04 October 2007

Globalisation may call for retrenchment of governments’ redistribution activity, but if private insurance and financial markets are to be able to replace the income smoothing, we need stronger supervisory, regulation, and antitrust actions.

Robert Lawrence, 04 September 2007

US income inequality has grown but not in a way that suggests trade with developing countries is the major reason. It’s not the least skilled who have fallen behind, but profits and the wages of the very richest Americans that have raced ahead.

Philippe Martin, Thierry Mayer, Mathias Thoenig, 04 July 2007

Using a large dataset of military conflicts, trade created by regional trade agreements is shown to be pacifying, but greater overall openness has the opposite effect. Logically, this means that bilateral trade pacifies bilateral relations, but raises the chance of conflict with third countries.

M. Ayhan Kose, Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei, 19 June 2007

Successful financial globalisation has “collateral benefits” – catalytic, indirect benefits on the domestic financial sector, macroeconomic discipline, and public and corporate governance. This has powerful implications for empirical analysis of its benefits.

Stefan Bach, Giacomo Corneo, Viktor Steiner, 06 June 2007

Detailed data on the complete German income distribution reveal growing inequality, especially at the high end.

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