Robert Zymek is a lecturer at the University of Edinburgh. He is also an affiliate of the CESifo Network, a consultant at the Bank of England, and the executive director of the centre on the “Credit and Labour-Market Foundations of the Macroeconomy” (MacCaLM). His research interests are international trade and macroeconomics. His research has addressed topics such as the origins of trade imbalances; trade and productivity; the benefits of currency unions; and the costs of sovereign