We update our assessment of the labor market following the latest round of data for August. ' We project the U-3 unemployment rate in a range of 4.0 -
We examine how EM reserve accumulation has fared in recent years. We compare the average pace of reserve accumulation from 2010 - 2014 to that since t
We showcase the importance of Global Value Chains (GVCs) for world trade. Using granular trade data, we determine that US trade balance with the rest
Ahead of the Jackson Hole Symposium, we discuss the tensions facing the Fed. Markets are expecting a slightly hawkish outcome given how dovish market
We update our model for the USD/CNY fix, concluding that USD/CNY could still fix lower for some time, given that the RMB in trade-weighted terms is st
We dig deeper into services exports, and consider what the growing importance of services trade will mean for the global economy. Using a new dataset
The striking slowdown in world trade growth over the past five years has been the subject of much research. In the first of a two-part series on trade
We provide some background for the discussion on taxing foreign held income. We document the size and nature of reinvested earnings that US-based firm