Micro-Foundations of International Trade, Global Imbalances and Implications on Monetary Policy

esearchers from the U.S., Canada and China gathered in Shanghai to explore exchange rates, offshoring and trade policies. Research presented at the conference employed microdata of trade volumes and prices at the firm and product levels, which provide valuable information on crucial global economic issues such as trade imbalances, economic development and wage inequality. Conference organizers were Jian Wang of the Federal Reserve Bank of Dallas and Zhi Yu of the Shanghai University of Finance and Economics (SHUFE). Presenters’ institutions included the University of British Columbia, Johns Hopkins University, Dartmouth College, Chinese University of Hong Kong, SHUFE and the Dallas Fed.