Policy Briefs

In the context of the economic logic of GATT/WTO, analysis of what might be driving US trade policy.
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December 31, 2017
Review of the potential economic damage of across-the-board US import tariffs against China.
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December 31, 2016
Presented at The Ohio State University's 2015-2016 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on December 7, 2015.
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December 7, 2015
Outlines the impact of using "carbon tariffs" to deal with the related issues of competitiveness and carbon leakage in the US aluminum industry if carbon pricing is adopted.
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February 12, 2015
Outlines how China's current trading position is largely due to export-processing firms being able to take advantage of surplus labor, and whether increasing wages over the past decade will undermine its competitive advantage.
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December 31, 2013
Outlines how developing countries have typically responded to recent spikes in food prices through the use of trade policies. This compares with orthodox policy advice that risk-management instruments and safety nets should be used to insure producers and consumers against food price volatility as...
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December 1, 2012
Outlines the current problems facing the euro zone, focusing on the fundamental weakness of a monetary union, and how countries such as Spain can be pushed to insolvency by the financial markets as they issue debt in a currency over which they have no control. The policy solution is to allow the...
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December 1, 2012
Outlines the current approaches to regulating commercial banking, such as Basel III, noting that they are not applicable to the shadow banking sector where the financial crisis was at its most intense. In particular, the run on the repurchase market is described, where investors such as money...
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December 1, 2010
Outlines the current status of climate policy bills in the US Congress that include provisions for border tax adjustments, and addresses whether or not such provisions will be legal under current WTO rules. The overall conclusion is that the legality of border tax adjustments will only be...
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December 1, 2009
Provides an assessment of the current global economic situation and the impact of the financial crisis. The overall conclusion is that there are some strong reasons for re-thinking the ways in which the financial markets are currently regulated.
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December 1, 2008
Assesses the arguments for infant-industry protection and whether they can be applied to the US ethanol sector. The overall conclusion is that corn-based ethanol should no longer receive such protection, especially as there is no available evidence for dynamic external learning economies in this...
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February 1, 2008
Analyzes the reasons why China is currently running a large trade surplus, and why the Chinese Communist Party leadership wants to rebalance its economic growth path. The overall conclusion is that while revaluation of China's currency will not do much for the U.S. trade deficit, it will be...
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September 1, 2007
Provides a review and assessment of the World Trade Organization's 2006 ruling on the European Union's moratorium on approval of genetically modified crops. The overall conclusion is that little has changed in terms of the current regulatory environment.
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May 1, 2007