On January 22, President Trump announced his decision to apply tariffs on imported washing machines and photovoltaic cells and modules, and other protectionist measures could follow. To understand what the impacts of such measures could be, we review an earlier episode, the steel safeguards imposed by George W. Bush in 2002.

Regulation is a barrier to trade. A recent CEPII Working Paper uses French firm-level panel data to assess how technical barriers to trade impact firms’ exports.

The US President has a problem with the American geography – a problem called Mexico.

The election of Donald Trump has generated a climate of uncertainty about U.S. economic policy that will be implemented in the near future. How much should we worry about this “Trumpian uncertainty”?

The recent G20 Hangzhou Summit is yet another example of the difficulties the G20 has to move ahead at cruising speed. Changes in the G20 process might help to increase its impact.

The shift from the concept of an “international monetary system” to that of “global financial safety nets” is positive but, still, limited mostly to emergency liquidity assistance. The broader notion of an “international financial public order” including crisis prevention would be more suitable.

Once again, the Federal Reserve has postponed the date of exit from the zero lower bound. We show that the pace of the tightening cycle matters more than the exact timing of the first interest rate hike for the macroeconomy.

Back in 2010, the Eurozone countries insisted a lot that the IMF provides exceptional financing to Greece. They will be duly reminded when the reckoning moment has come.

From May 21 to May 23, the ECB organized its 2nd annual forum on Central banking. Mario Draghi's inaugural speech, as well as discussions on May 23rd, focused mainly on the need for structural reforms to strengthen growth in Europe.

The ECB has announced that it will launch in March its first round of quantitative easing. The announcement contains some good and bad surprises: the size of the ECB's plan is gigantic, while the Central Bank was unclear about the Greek issue. How was this announcement perceived by markets?