Professor Robert Staiger, the Roth Family Distinguished Professor in the Arts and Sciences and Professor of Economics at Dartmouth College, has been appointed as the new Chief Economist of the World Trade Organization. @wto.org

First instalment of my substack primer on right-wing populism in Europe is out. jacobedenhofer.substack.com/p/explaining...

We’ve written a review on *New Industrial Policy* for the Oxford Research Encyclopedia. It offers a unified framework for analyzing IP effects and survey evidence from both ex post event studies and ex ante model-based evaluations of IP. 🧵thread on key takeaways (link below)

We’ve written a review on *New Industrial Policy* for the Oxford Research Encyclopedia. It offers a unified framework for analyzing IP effects and survey evidence from both ex post event studies and ex ante model-based evaluations of IP. 🧵thread on key takeaways (link below)

Our paper on the long-term effects of the Trump 2 tariffs is out in the Journal of International Economics. We’ve made it open access: doi.org/10.1016/j.ji...

Our paper on the long-term effects of the Trump 2 tariffs is out in the Journal of International Economics. We’ve made it open access: doi.org/10.1016/j.ji...

Developing a framework to examine how beneficial transport infrastructure investments are, as well as other transport policies, from Dave Donaldson https://www.nber.org/papers/w34096

Our paper is officially out 🎉 We argue that climate clubs show promise: - A climate club with coordinated penalties could curb 68% of excess emissions from free-riding -Unilateral carbon tariffs? Not nearly as effective

Our paper is officially out 🎉 We argue that climate clubs show promise: - A climate club with coordinated penalties could curb 68% of excess emissions from free-riding -Unilateral carbon tariffs? Not nearly as effective

We study how trade policy can reduce global emissions. Unilateral carbon border taxes have limited efficacy at cutting foreign emissions. By contrast, coordinated trade penalties under a climate club prove highly effective. buff.ly/NEE3Uy8

New Paper Alert!📢 "Making America Great Again? The Economic Impacts of Liberation Day Tariffs"👨‍🦰 by Anna Ignatenko @lashkaripour.bsky.social‬ Luca Macedoni @simonovska.bsky.social‬ This model estimates U.S. welfare and global employment under optimal tariff retaliation📉: www.ifo.de/en/cesifo/pu...

A new version of our trade war paper is out at the NBER this week. Key update: factoring in tariffs on intermediate inputs nearly wipes out any terms-of-trade gains from reciprocal tariffs and greatly amplifies the cost of retaliation for the US economy.

A new version of our trade war paper is out at the NBER this week. Key update: factoring in tariffs on intermediate inputs nearly wipes out any terms-of-trade gains from reciprocal tariffs and greatly amplifies the cost of retaliation for the US economy.

For PhD students and scholars interested in joining: I will take part in teaching International Trade and the Environment at #PSESummerSchool (June 9-12). www.parisschoolofeconomics.eu/en/summer-sc... Below is a description (1/6)

🚨 We just released a paper examining the long-terms economic impacts of "Liberation Day" tariffs. In summary: while these tariffs may help reduce the trade deficit, they will impose significant costs on the U.S. economy after retaliation by trade partners.

Retaliation hurts! Check out our new paper to see how costly it can be for the U.S. economy.

🚨 We just released a paper examining the long-terms economic impacts of "Liberation Day" tariffs. In summary: while these tariffs may help reduce the trade deficit, they will impose significant costs on the U.S. economy after retaliation by trade partners.

It's high time to have another look at interesting papers like this one! "The cost of a global tariff war: A sufficient statistics approach" by Ahmad Lashkaripour. Article in the J of Int Econ: www.sciencedirect.com/science/arti... Working paper: alashkar.pages.iu.edu/Tariff_War_L...

🚨Incredible lineup at @nber.org conference this Thurs/Fri 3/20-21: **Energy Markets, Decarbonization, and Trade** 📑Agenda www.nber.org/conferences/... 🎥 Webstream www.youtube.com/nbervideos Organized w Natalia Ramondo, supported by @sloanfoundation.bsky.social

🚨New data alert! A beta version of the Global Tariff Database is now available! 🔗https://feodorateti.github.io 🔎If you're looking for cross-country data on bilateral tariffs, this might help you.

1/ 🚨 Can the US coerce smaller countries into submission using tariff penalties? Recent events with Mexico & Canada suggest it is trying. But our latest research indicates these attempts will likely fail and isolate the US economy. Here's why:👇

1/ 🚨 Can the US coerce smaller countries into submission using tariff penalties? Recent events with Mexico & Canada suggest it is trying. But our latest research indicates these attempts will likely fail and isolate the US economy. Here's why:👇

I’ve created a dashboard that projects potential GDP losses for countries if ongoing tariff escalations trigger a global trade war. I’ll be updating it soon with the latest data. alashkar.pages.iu.edu/GlobalTariff...

Looking forward to the talk by Farid Farrokhi (Boston College) @leuveneconomics.bsky.social on ‘A Framework for Integrating Climate Goals into Trade Agreements’ joint with @lashkaripour.bsky.social and Homa Taheri

Check out Issue 2 of the VoxDevLit on International Trade! VoxDevLits adjust to new evidence, so there's lots new to uncover in this new issue. I've practically rewritten the chapter on externalities and spillovers from trade & FDI, and I'm excited to do it all over again as new evidence comes in!🎯🔥

I’ve created a dashboard that projects potential GDP losses for countries if ongoing tariff escalations trigger a global trade war. I’ll be updating it soon with the latest data. alashkar.pages.iu.edu/GlobalTariff...

Very interesting conference on the Political Economics of Climate change at @stanforddoerr.bsky.social Thank you for allowing to present my JMP on climate agreements

Environmental economists - submit to present at the NBER summer workshop Submissions due March 20th: papers.nber.org/confsubmit/b... #EconSky

Economists: man, these endless appendices of robustness checks are getting absurd. Epidemiologists: [post 30-page appendix explaining *authorship* of the paper]

More than you want to know about McKinley and the tariff, but beautifully produced! www.wsj.com/video/series...

I have several papers that explore tariff wars using economic models. Here’s what they tell us about likely outcomes (🧵) TLDR: All countries ultimately lose. While the overall impact isn’t catastrophic for larger economies like the US, it’ll be devastating for small countries.

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I have several papers that explore tariff wars using economic models. Here’s what they tell us about likely outcomes (🧵) TLDR: All countries ultimately lose. While the overall impact isn’t catastrophic for larger economies like the US, it’ll be devastating for small countries.

Hard to argue with the WSJ editorial page.

1/🚨New chapter in Handbook of Regional & Urban Economics: Spatial Environmental Economics 🌍 How do spatial forces affect the environment? How does enviro shape spatial outcomes? Thread, chapter explore this nascent subfield via stylized acts, models, building blocks for rsrch. w Clare Balboni.

Congratulations to Andrei Levchenko for being appointed as AER coeditor, handling papers in international economics and starting on February 1. I’m delighted to have him on our team. @AEAjournals #EconSky

🚨New dataset alert 🚨 In collaboration with a stellar team at Banxico, Harvard, the World Bank, and ITAM, we built a dataset of demographics and labor market variables at the local-labor-market level for Mexico! Download here: www.banxico.org.mx/DataSetsWeb/... #EconSky #Mexico

As I am now handling papers at AEJ:Policy again, I want to encourage authors of papers that identify partial equilibrium effects to consider (in a rigorous manner) how they relate to policy effects or general equilibrium effects.

Recently accepted by #QJE, “When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870,” by Bouscasse (@paulbouscasse.bsky.social), Nakamura, and Steinsson (@jonsteinsson.bsky.social): doi.org/10.1093/qje/...

Victor Norman "Product Differentiation and International Trade" (16 handwritten pages, 1976) posted by @BaldwinRE on LinkedIn: www.linkedin.com/feed/update/...

new Trump head of the Council of Economic Advisors btw

📣 CfP: CESifo Area Conference on 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 📍 16 - 17 May 2025 in Munich ⏳ Submit by 13 February 2025 Organizer: Peter Egger (ETH Zurich) Keynote Speaker: Lorenzo Caliendo (Yale) and Fernando Parro (Rochester) #EconSky www.cesifo.org/en/event/202...

Possibly hot take: the EU is uniquely positioned to lead a successful industrial policy. The EU's framework facilitates effective IP coordination among major trading partners, a crucial yet often stumbling block for successful IP strategies.

Recently accepted by #QJE, “Putting Quantitative Models to the Test: An Application to the US-China Trade War,” by Adão, Costinot, and Donaldson: doi.org/10.1093/qje/...

Good summary of our new Brexit & trade research by @phillipinman.bsky.social for the Guardian www.theguardian.com/politics/202... Full paper is here: cep.lse.ac.uk/pubs/downloa...

Possibly hot take: the EU is uniquely positioned to lead a successful industrial policy. The EU's framework facilitates effective IP coordination among major trading partners, a crucial yet often stumbling block for successful IP strategies.

Excited to announce a new @pnas.org publication on the Social Cost of Carbon. We integrate evidence from the literature and expert survey to provide an SCC distribution inclusive of both parametric and structural uncertainties. Our mean 2020 value is $283 per ton CO2 www.pnas.org/doi/10.1073/...

Here's the punchline -- a "checklist" for researchers hoping to either apply our exogenous-shocks approach or the exogenous-shares approach studied by @paulgp.com and coauthors We pair this with discussion of several real-world papers and how they may or may not fit into the two frameworks

Here it is! The amazing "political economics of environmental sustainability" program, organized by Partha Dasgupta and yours truly. You can apply to attend here: www.gsb.stanford.edu/events/polit...

Wow. Go read an absolutely blistering report (w/tons of charts) from the World Economic Forum on the massive cost of Climate Inaction: "Rising climate risks are already impacting the global economy and the business case for collective action is clear" reports.weforum.org/docs/WEF_The...