Faculty Director


In 1990, the cross-border flow of goods and cross-border holdings of stocks and bonds both equaled roughly one-quarter of global GDP. Since then, international trade in goods has doubled relative to GDP and international trade in assets has grown even more rapidly. In today’s interconnected world, nearly all major companies import some of their intermediate inputs from foreign suppliers and obtain some of their capital funding from foreign investors. Furthermore, changes in each country’s interest rates, policies such as tariffs, and technology now transmit more rapidly from country to country with greater potential to shape global growth.

The International Economics Initiative brings together prominent UChicago faculty whose research informs these crucial topics and facilitates application of leading academic frameworks to real-world policy analysis by organizing and disseminating common data platforms for analysis.

Associated Working Papers

BFI Working Paper Jun 29, 2020

U.S. Banks and Global Liquidity

Ricardo Correa, Wenxin Du, Gordon Liao
Topics:  Monetary Policy, Financial Markets
BFI Working Paper May 26, 2020

Spatial Economics for Granular Settings

Jonathan Dingel, Felix Tintelnot
BFI Working Paper Feb 20, 2020

Optimal Currency Areas with Labor Market Frictions

Rohan Kekre

Associated News

BFI News May 12, 2020

BFI Awards Three New Grants for the Study of International Economics

The Becker Friedman Institute for Economics (BFI) is pleased to announce the award of three new grants supporting research by University of Chicago faculty and students on international economics....
Media Mention Feb 20, 2020

Cash Sloshes Around The World In Unexpected Ways

The Economist; Brent Neiman
BFI News Feb 5, 2020

Professor Brent Neiman Wins 2020 Award for Economics in Central Banking

Brent Neiman, Edward Eagle Brown Professor of Economics at the Booth School of Business, and co-authors Matteo Maggiori and Jesse Schreger have been awarded the 2020 Central Banking Award for...
Topics:  Monetary Policy