Global Institute working papers

Working papers from the Global Institute provide critical insights on trade, immigration, and other major international issues, along with in-depth analysis of monetary policy challenges affecting the U.S. economy and its deep financial and economic ties with Mexico.

Working Paper
Deindustrialization and Industry Polarization
This paper adds to recent evidence on deindustrialization and documents a new pattern: increasing industry polarization over time.
August 05, 2024
Working Paper
Unequal Climate Policy in an Unequal World
This paper characterizes optimal climate policy in an economy with heterogeneous households and non-homothetic preferences. The authors focus on constrained efficiency, where the planner is restricted from transferring resources across households.
July 16, 2024
Demographic Transition, Industrial Policies and Chinese Economic Growth
This paper builds a unified framework to quantitatively examine how demographic transition and industrial policies have contributed to China’s economic growth in the past five decades.
February 07, 2024
Working Paper
Offshore Dollar Funding Shocks and the Dollar Exchange Rate
This paper proposes a model with limited CIP and UIP arbitrage where the CIP deviation and exchange rate are jointly determined by equilibrium in the swap and spot FX markets.
December 15, 2023