Rising trade frictions over the past decade have sparked urgent questions about their long-term impact on global economies. The U.S. now applies tariffs of 66.4% on Chinese exports, which is higher ...

The concept of balance-of-payments-constrained economic growth has long served as a vital framework for understanding how external imbalances can limit long-run economic expansion. This approach ...

Some top economists are anticipating a recession. And while a certain degree of such economic criticism can be understood as partisan, both on the part of academics and consumers, statements from the ...