Re-joining trade with antitrust
Cristina Caffarra and Burcu Kilic describe how antitrust thinking has been undergoing a major shift in the US, and ‘antimonopoly’ has become a broader value in multiple areas of economic policy
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United States
A framework for geoeconomics
Countries use their economic strength to achieve geopolitical goals. Christopher Clayton, Matteo Maggiori and Jesse Schreger present a novel framework to understand how a hegemon in the international system exerts its power within its economic network
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The dollar’s international role
The dollar is by far the dominant currency. Christopher Waller does not expect to see the US dollar lose its status as the world’s reserve currency anytime soon
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The influence of politics on circuit court decisions
Each year, the US Circuit Courts of Appeals consider thousands of appeals on the rulings of federal district courts. Alma Cohen examines whether the identity of the politicians that appoint judges to these courts can help predict outcomes in these cases
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After USTR’s move, global governance of digital trade is fraught with unknowns
The US has dropped its support for unhindered international digital trade. Patrick Leblond argues that it now makes an e-commerce agreement at the WTO more likely
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The new economics of industrial policy
Industrial policy is at the heart of modern economic policy. Réka Juhász, Nathaniel Lane and Dani Rodrik assess the latest research and consider how to do industrial policy well
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Improving the contestability of e-commerce in two jurisdictions: the Amazon case
Improving competition in digital markets is a priority for the governments in both the United States and Europe. Fiona Scott Morton considers how Amazon’s alleged conduct controls prices on rival marketplaces
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Responsible innovation in money and payments
Innovations in money and payments continue to be of primary importance. Michelle Bowman caution against solutions that could disrupt and disintermediate the banking system
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Financial stability in uncertain times
The recent macroeconomic experience has presented both monetary policy and financial stability challenges for central banks. Michelle Bowman discusses how central banks can these vulnerabilities
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The manufacturing jobs boom that isn’t
Niclas Poitiers argues that the US Inflation Reduction Act shows that massive subsidies are not leading to massive manufacturing job creation
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