"Making America great again? The economic impacts of Liberation Day tariffs" - publication by Anna Ignatenko (@nhhecon.bsky.social and @nhhnor.bsky.social), @lashkaripour.bsky.social, Luca Macedoni and @simonovska.bsky.social in @jintlecon.bsky.social: www.sciencedirect.com/science/arti...
Richer economic models imply much larger welfare gains from international trade, New Research Brief
Trade barriers appear to hurt consumers a little or a lot, depending on economic model & parameters. Our economist Mike Waugh & @simonovska.bsky.social use actual bilateral price data to pin down the welfare effect of int'l trade. https://bit.ly/3LWi2nC
Richer economic models imply much larger welfare gains from international trade, New Research Brief
New research: Models w/ richer micro-foundations imply as much as 50% more harm from trade barriers. Our economist Mike Waugh & @simonovska.bsky.social subject canonical trade models to actual price data to pin down welfare FX of trade. https://bit.ly/3LWi2nC
Very nice coverage on our research agenda that estimates trade elasticities and examines the implications for the measurement of the welfare gains from trade.
Take a look at our Econ PhD job market candidates!
Trade Models, Trade Elasticities, and the Gains from Trade
A staff report by Ina Simonovska (@simonovska.bsky.social) and Michael E. Waugh is available on our website: bit.ly/46fxgKS #econsky
U of M Economics PhD alumna Ina Simonovska is featured in Yahoo Finance, expressing concerns over the White House's use of her research to justify new tariffs. finance.yahoo.com/news/the-whi...
The Economics Program and Scholl Chair for International Business @philuck.bsky.social and @simonovska.bsky.social unpack Trump’s evolving trade strategy following the latest EU deal: uniform tariffs, higher tariffs on strategic sectors, and investment commitments.
Read here: shorturl.at/F2uFf
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...
This is not an authorized working paper yet. Please remove it from your WP series. We will submit it when it is ready. Thank you.
Retaliation hurts! Check out our new paper to see how costly it can be for the U.S. economy.
