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 Jul 8, 2019

Exchange Rate Reconnect

Andrew Lilly, Matteo Maggiori, Brent Neiman, Jesse Schreger
Topics:  Financial Markets
BFI Working Paper Jun 17, 2019

Which Investors Matter for Global Equity Valuations and Expected Returns?

Ralph Koijen, Robert J. Richmond, Motohiro Yogo
Topics:  Financial Markets
BFI Working Paper Jun 17, 2019

Exchange Rates and Asset Prices in a Global Demand System

Ralph Koijen, Motohiro Yogo
Topics:  Financial Markets

Associated News

Media Mention Jun 26, 2019

Why the US-China Tariff Standoff Hurts American Companies More

Harvard Business School Working Knowledge; Brent Neiman
Media Mention Jun 13, 2019

Trade Wars And Tariff-Mania: An Investor Survival Guide

Forbes; Rodrigo Adão
Topics:  Monetary Policy
Media Mention May 13, 2019

Here’s how tariffs impact a common household item

MSNBC Morning Joe; Ali Hortaçsu, Felix Tintelnot
Topics:  Industrial Organization