Warwick mckibbin AO
@warwickmck.bsky.social
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ANU Distinguished Professor of economics and public policy & nonresident senior fellow at PIIE
reposted by
Warwick mckibbin AO
Peterson Institute for International Economics
10 months ago
New research shows that the effects of the "Liberation Day" tariffs if they go into effect—higher inflation, lower GDP—would significantly worsen with capital flight.
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Trump's tariffs damage the US economy more if they drive investors away from American assets
When President Donald Trump announced a sweeping set of tariff increases on April 2, he predicted that date would be remembered as "the day that we began to make America wealthy again." Global investo...
https://www.piie.com/blogs/realtime-economics/2025/trumps-tariffs-damage-us-economy-more-if-they-drive-investors-away
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reposted by
Warwick mckibbin AO
Adam Posen
12 months ago
The US revenue implications of President Trump's 2025 tariffs by
@warwickmck.bsky.social
Independent analysis by
@piie.com
www.piie.com/publications...
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The US revenue implications of President Trump's 2025 tariffs
President Donald J. Trump’s new tariffs could generate trillions of dollars in new federal government revenue over a decade, but the net gain would be reduced by the measures’ damaging effects on the ...
https://www.piie.com/publications/piie-briefings/2025/us-revenue-implications-president-trumps-2025-tariffs
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reposted by
Warwick mckibbin AO
Nell Henderson
about 1 year ago
PIIE's Maury Obstfeld writes: Trump's tariffs are designed for maximum damage—to America
www.piie.com/blogs/realti...
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Trump's tariffs are designed for maximum damage—to America
President Donald Trump touted his bewildering array of "Liberation Day" import tariffs as carefully calibrated to offset trade partners' tariff, nontariff, and currency barriers to US exports. However...
https://www.piie.com/blogs/realtime-economics/2025/trumps-tariffs-are-designed-maximum-damage-america
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reposted by
Warwick mckibbin AO
Peterson Institute for International Economics
about 1 year ago
NEW research modeling what would happen to the US, Canadian, & Mexican economies if the US applies tariffs & Mexico & Canada retaliate in kind. GDP would be *even lower*, & inflation *even higher*, in all three countries.
#EconSky
Learn more:
www.piie.com/blogs/realti...
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reposted by
Warwick mckibbin AO
Nell Henderson
about 1 year ago
The latest Must Read from PIIE's Olivier Blanchard and Jean Pisani-Ferry: Europe's challenge and opportunity: Building coalitions of the willing
www.piie.com/blogs/realti...
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Europe's challenge and opportunity: Building coalitions of the willing
President Donald Trump has launched an all-out attack on the rules-based international order, which most governments regard as the bedrock of peace and prosperity[1]. Many governments are appalled by his initiatives[2]. They still believe in respecting trade rules, in limiting tax competition and in fighting global warming. The European Union, which is governed by such rules, has the potential to organise an effective collective response.
https://www.piie.com/blogs/realtime-economics/2025/europes-challenge-and-opportunity-building-coalitions-willing
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reposted by
Warwick mckibbin AO
Peterson Institute for International Economics
about 1 year ago
The dangers of a trade policy in which a president chooses targets & punishments at will are becoming increasingly clear. Economic coercion often works in the short run, but it slowly erodes one’s network of influence. Read Mary Lovely in
@nytimes.com
:
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Opinion | The Dangers of Arbitrary Trade Policy
What Mr. Trump is doing with tariffs is a result of a lost consensus about how the United States should interact with other countries in the global economy.
https://www.nytimes.com/2025/02/14/opinion/trump-tariffs-china-mexico.html
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Check out the latest research in Macroeconomics at the CAMA working paper series.
crawford-prod.anu.edu.au/centre-appli...
#macroeconomics
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CAMA working papers | Crawford School of Public Policy
https://crawford-prod.anu.edu.au/centre-applied-macroeconomic-analysis/cama-working-papers
about 1 year ago
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The way the music died: Tariffs could hit musical instrument imports
www.piie.com/blogs/realti...
over 1 year ago
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