🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

The key contribution of AJR’s original settler mortality paper wasn’t the findings themselves, but its generative approach. It sparked a vast body of research rigorously examining how institutional forces—laws, power relations, norms—shape economic outcomes.

A brief 🧵 on why I think the Nobel prize to Daron Acemoglu Simon Johnson and Jim Robinson (AJR) on institutions is one of the very good ones.

Talk about timely.

"There are some who seem to believe that we should run up the American flag in defense of our markets. They would embrace protectionism again and insulate our markets from world competition... [they] call that getting tough. Well, I call it stupid."

Italy's exports to Kyrgyzstan registered another massive rise in July 2024, the latest month for which IMF data are now available. Italy's exports are now running at 2300% above pre-invasion levels. Italians are deeply moral and good people. They did not vote for this disgrace...

"Notably, about 40% of the manufacturing job loss effect is due to continuing establishments switching their primary activity from manufacturing to trade-related services such as research, management, and wholesale." - Nick Bloom, Kyle Handley Kurmann, and Luck

Why do voters have a zero-sum mindset when evaluating policies? We offer a strategic rationale. Even if the decision is likely positive-sum, the fear of what others know can lead a majority of voters to vote for policies contrary to their interests econometricsociety.org/publications/e…

When asked if most people can be trusted, responses vary significantly around the world— For decades, the World Values Survey and European Values Survey projects have examined people’s values through their surveys. One of the questions on trust asks: “Generally speaking, would

What is behind Europe's productivity problem? A large productivity gap relative to the US in the tech sector & low business dynamism. Two factors driving this: smaller market size and lower access to finance relative to the US. The fix: Deepen the EU single market. Read more

Ale Cuñat, Harald Fadinger, Kalina Manova and I are organizing the 8th Workshop on International Economic Networks (WIEN) to take place in beautiful Vienna on June 26-7, 2024. Send us a paper for consideration! We're particularly keen on receiving submissions from young scholars.

Thanks a lot Thiemo Fetzer 🇪🇺🇺🇦 - same handle elsewhere for the great service (and presentation) 😉 let me add a group pic here

I’m glad to share our contribution, coauthored w/Anna Giunta and Enrico Marvasi, in the LEAP WP series. We analyze how digitalization is affecting the regionalization of GVC in European industries. WP is available here: bit.ly/4fhAkZt We welcome comments and suggestions!

Douglas Irwin for the Peterson Institute shows Trump has set back trade relations to levels seen 70 odd years ago, but is no where close to a return to high tariffs of the McKinley era. As Martin Wolf points out, the unpredictability of the US means that nobody can count on it to make plans.

Ed Leamer's pathbreaking empirical work on the Heckscher-Ohlin model remains a staple of most international trade courses. Personally, I will forever cherish the too few but precious interactions I had with him. RIP, Ed. Below is a link to a recent celebration of his life & work.

NEW 🧵: Is human intelligence starting to decline? Recent results from major international tests show that the average person’s capacity to process information, use reasoning and solve novel problems has been falling since around the mid 2010s. What should we make of this?

John B. Holbein cremieux.xyz/p/ranking-fiel…

New article is out! Is digitalization reshaping Global Value Chains? Our research reveals that digital technologies are fostering stronger intra-EU trade flows compared to extra-EU ones, driving the regionalization of GVCs in Europe. Marco Sforza ⛩ rdcu.be/egc0i

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

“No government—regardless of which party is in power—should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue.” - President Alan Garber hrvd.me/GarberRespond3…

In a session on productivity at ESCoE conference #EconStats2025, Enrico Marvasi explores the nexus between intangible capital, market power, & productivity. Accounting for intangibles important for estimating mark-ups - they are lower and flatter, esp for US intan-intensive inds.