PyFixest 0.29 is on PyPi! - We have updated how small sample adjustments are computed. PyFixest inference matches fixest now 100%, out of the box and all of the time! - We have added support for fully saturated event studies, which in turn enables @apoorvalal.com's DiD specification tests.

How Tariffs Affect Trade Deficits... ... a new paper with amazing trade economist Arnaud Costinot. Many politicians and the general public expect tariffs to reduce imports lower imports and thus work to close a trade deficit. Economists typically say "not so fast"... 🧵1/n

5 positive steps that major trading partners to the US should take to preserve the essence of the global trading system when responding to Trump’s reciprocal tariffs: pause retaliation, not joining US discrimination against China...& more 👉 citp.ac.uk/publications... @michaelgasiorek.bsky.social

The US stands to lose $1,900 per capita yearly (more if countries retaliate) due to #TrumpTariffs. Canada & Mexico are the 2nd most affected countries. The EU & China are somewhere in the middle of the welfare losses distribution. See here 👉 citp.ac.uk/publications...

So the 25% #tariff on Canada and Mexico will start today. The closest experience we had to these tariffs are those imposed by Trump in 2018: largely discriminatory, possibly negotiable and hopefully temporary. I've looked the past experience to learn something @thecitp.bsky.social @uktpo.org

Attention PhD students, postdocs, prof. economists! We will have our first Nottingham International Trade Summer School this summer! Lecturers: Arnaud Costinot and Andres Rodriguez-Clare Dates: 30/6 to 5/7 Registration open! www.nottingham.ac.uk/gep/news-eve...

Ok, this needs a lot of tweaking and more work, but here's a minimal viable product for An econometrics paper (Deep Neural Networks for Estimation and Inference) 1. paulgp.github.io/2024/11/06/r... An economic theory paper (Targeting Interventions in Networks) 2. paulgp.github.io/2024/11/06/r...