In popular discussion much has been made recently of the susceptibility of government policies to lobbying by foreigners. The general presumption has also been that such interactions have a deleteriou
Capital controls are an effective credit-management tool but they have serious side effects. Analyzing a dynamic Melitz-OLG model in which firms face credit constraints, we find that capital controls
This paper formalises a classic idea that in second-best environments trade can induce welfare losses: gains accrued can be outweighed by incremental income losses stemming from distortions. In a Meli
Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper investigates empirically the consequences of lobbying competition between upstre
