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 Feb 20, 2020

Optimal Currency Areas with Labor Market Frictions

Rohan Kekre
BFI Working Paper Jan 31, 2020

Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens

Antonio Coppola, Matteo Maggiori, Brent Neiman, Jesse Schreger
Topics:  Financial Markets
BFI Working Paper Dec 17, 2019

Exchange Rate Reconnect

Andrew Lilly, Matteo Maggiori, Brent Neiman, Jesse Schreger
Topics:  Financial Markets

Associated News

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
Media Mention Jan 6, 2020

American Consumers, Not China, Are Paying for Trump’s Tariffs

New York Times; Brent Neiman
Topics:  Fiscal Studies