Journal of International Economics

Authors examine pricing effects of ECB bond purchases in the 2015–2021 period on an international panel of bond safety premia from four highly rated countries: Denmark, Germany, Sweden, and Switzerland and find statistically significant negative effects for all four countries.

New at JIE: "Quantitative easing and the supply of safe assets: Evidence from international bond safety premia" by Jens H.E. Christensen, Nikola N. Mirkov, Xin Zhang

doi.org/10.1016/j.ji...

New at JIE: "A search and learning model of export dynamics" by Jonathan Eaton, Marcela Eslava, David Jinkins, C.J. Krizan, James Tybout

doi.org/10.1016/j.ji...

After the Paris Agreement, firms that benefit from regulation receive more credit only if located in more stringent regulatory environments. Conversely, firms hurt by regulation receive more credit if located in less stringent environments.

New at JIE: "Climate change-related regulatory risks and bank lending" by Isabella Mueller, Eleonora Sfrappini

doi.org/10.1016/j.ji...

Imported capital goods raised skill demand in China (2000–2010), leading to increased college attainment and skilled migration. This response accounted for 3.1–7.3 million more graduates—4.4–10.4% of the national increase—with gains concentrated in coastal regions.

New at JIE: "Skill-biased imports, skill acquisition, and migration" by Jingting Fan, Lei Li

doi.org/10.1016/j.ji...

New at JIE: "Trade, Jobs, and Worker welfare" by Erhan Artuc, Paulo Bastos, Eunhee Lee

doi.org/10.1016/j.ji...

This paper studies gender differences in responses to import competition by both individuals and their partners. Men increase labour force participation at older ages and move into self-employment. Male labour supply also increases if their partners are exposed to trade shocks.

New at JIE: "Household responses to trade shocks" by Aitor Irastorza-Fadrique (@aitor-if.bsky.social), Peter Levell (@peterlevell.bsky.social), Matthias Parey

doi.org/10.1016/j.ji...

Authors develop an international business cycle model that explains the joint behavior of real exchange rates and net trade flows across all frequencies and addresses key exchange rate puzzles.

New at JIE: "Real exchange rate and net trade dynamics: Financial and trade shocks" by Marcos Mac Mullen, Soo Kyung Woo

doi.org/10.1016/j.ji...

New at JIE: "Why global and local solutions of open-economy models with incomplete markets differ and why it matters" by Oliver de Groot, C. Bora Durdu, Enrique G. Mendoza

doi.org/10.1016/j.ji...

🌍📊 Call for Papers
Joint BIS–BoE–ECB–IMF & JIE Spillover Conference
📍 Washington, DC | 🗓️ Apr 28–29, 2026
✍️ Deadline: Nov 30, 2025
📖 Selected papers → JIE special issue

🔗 More info: www.sciencedirect.com/journal/jour...

🌍📊 Call for Papers
49th Annual NBER International Seminar on Macroeconomics (ISoM)
📍 Hosted by Sveriges Riksbank, Stockholm, Sweden
🗓 June 24–25, 2026
✍️ Deadline: November 12, 2025
📖 Selected papers → JIE special issue

🔗 More info: www.sciencedirect.com/journal/jour...

@nber.bsky.app

Using Poisson-based expectile regressions, we find that economic integration agreements have much stronger effects at the bottom of the conditional distribution of trade flows. We then investigate why this is the case, finding that the extensive margin may play an important role.

New at JIE: "The tails of gravity: Using expectiles to quantify the trade-margins effects of economic integration agreements" by Jeffrey H. Bergstrand, Matthew W. Clance, J.M.C. Santos Silva

doi.org/10.1016/j.ji...

New at JIE: "Commitment in the canonical sovereign default model" by Xavier Mateos-Planas, Sean McCrary, José-Víctor Ríos-Rull, Adrien Wicht

doi.org/10.1016/j.ji...

India’s Golden Quadrilateral national highway network targeted major cities, yielding aggregate gains but unequal effects across regions. A counterfactual network would have yielded larger gains and benefited lagging regions.

New at JIE: "Chinese roads in India: The effect of transport infrastructure on economic development" by Simon Alder (@simonalder11.bsky.social)

doi.org/10.1016/j.ji...

Authors estimate a TVP‑VAR to examine the evolution of international spillovers of US mon. pol. in light of increasing globalization. Adverse spillovers rose over past three decades, peaking in 2008–09, driven by trade integration, while financial integration contributed modestly

New at JIE: "Has globalization changed the international transmission of U.S. monetary policy?" by Maximilian Boeck (@mboeck.bsky.social), Lorenzo Mori

doi.org/10.1016/j.ji...

The paper analyzes long-term economic impacts of "Liberation Day" tariffs. If partners do not retaliate, the tariffs could decrease the US trade deficit and improve its terms of trade, yielding modest welfare gains. However, reciprocal retaliation results in net welfare losses.

New at JIE: "Making America great again? The economic impacts of liberation day tariffs" by Anna Ignatenko, Ahmad Lashkaripour, Luca Macedoni, Ina Simonovska

doi.org/10.1016/j.ji...

🌍📊 Call for Papers
49th Annual NBER International Seminar on Macroeconomics (ISoM)
📍 Hosted by Sveriges Riksbank, Stockholm, Sweden
🗓 June 24–25, 2026
✍️ Deadline: November 12, 2025
📖 Selected papers → JIE special issue

🔗 More info: www.sciencedirect.com/journal/jour...

@nber.bsky.app

🌍📊 Call for Papers
Joint BIS–BoE–ECB–IMF & JIE Spillover Conference
📍 Washington, DC | 🗓️ Apr 28–29, 2026
✍️ Deadline: Nov 30, 2025
📖 Selected papers → JIE special issue

🔗 More info: www.sciencedirect.com/journal/jour...

The paper studies the transmission of foreign macroprudential policy to domestic bank loan issuance in EMs via cross-border bank flows. A tightening of macroprudential policy in source reduces the positive impact of cross-border flows on credit supply of banks in the destination.

New at JIE: "The bank-lending channel of macroprudential policy: Evidence from cross-border bank flows" by Josefina Fabiani, Kyriakos C. Neanidis

doi.org/10.1016/j.ji...

New at JIE: "High public debts: Are shocks or discretionary fiscal policy to blame?" by Nikhil Patel, Adrian Peralta-Alva

doi.org/10.1016/j.ji...

Using distance to the Irish border of UK firms that have not changed their location since 2016 Referendum to isolate the effects of Brexit at the firm level, authors find that Brexit caused exposed firms to cut workforce by up to 15.7% on average relative to non-exposed firms.