A super timely listen, @douglasirwin.bsky.social
delivers a fantastic lecture, "Do Trump's Tariffs Make Sense?" as part of our #HayekLecture series.
hope.econ.duke.edu/do-trumps-ta...
Center for the History of Political Economy
Some IMF skepticism about industrial policy, contra World Bank?
Industrial Policy Is Adapting to Crises, but Remains Hard to Implement Effectively www.imf.org/en/blogs/art...
My thoughts on the Supreme Court decision in The Economist:
www.economist.com/by-invitatio...
Kelvin's dictum, etched on the University of Chicago Social Science building: "when you cannot measure, your knowledge is meager and unsatisfactory." To which Jacob Viner replied,"And when you can measure, your knowledge is meager and unsatisfactory."
Very cool paper that uses Clashing over Commerce for exogenous tariff variation to identify the impact of tariff shocks on economic outcomes.... definitely worth a look!
Come on @alanbeattie.bsky.social , don't mince words, tell us what you really think...
We need to make @douglasirwin.bsky.social's books required reading for schoolchildren and presidents.
As a long time fan of @economist.com going back to the last century, when James Callahan was PM (yes, that old!), it's a thrill to appear in print on their pages. Revised version of a web essay on the Supreme Court decision.
Just a friendly reminder that the anti dumping process continues to churn out high tariffs beyond Trump's reciprocal tariffs ... www.wsj.com/world/europe...
"Don't expect anything big, and don't expect it to happen fast.” @dartmouthecon.bsky.social professor @douglasirwin.bsky.social discussed the long-term outlook for U.S. tariffs during a panel at the 13th Asian Monetary Policy Forum in Singapore.
Using 180 years of US data to show that tariff increases reduce imports, output, and manufacturing, with effects operating through both supply and demand channels, from Tamar den Besten, Regis Barnichon, Diego R. Känzig, and Aayush Singh www.nber.org/papers/w35102
Trump: "After that you had a depression but that was a long time. That was in, like, 1913 you had the tariff switched into income tax. And then in 19-- and they like to blame tariffs. You ever notice? They brought tariffs back in 1932 to try to save the sucker. But it was in 1929."
