El año pasado me tocó coordinar el proyecto de investigación del Harvard's Growth Lab en Hermosillo en colaboración con Hermosillo ¿Cómo Vamos? y dirigido por Ricardo Hausmann. Va hilo resumen (largo) del proyecto, reflexiones y algunos updates. Más info acá: growthlab.hks.harvard.edu/policy-researc…

Forthcoming article by Peter Egger, Reto Foellmi Ulrich Schetter David Torun Universität St.Gallen (HSG) ETH Zürich Università di Pavia "Gravity with History: on Incumbency Effects in International Trade" EEA Oxford Academic doi.org/10.1093/jeea/j…

Thrilled to see our paper forthcoming JEEA! We show how incumbent firms shape international trade (🧵linked below). Some implications: Timing of trade liberalization matters, and planned surge in US tariffs can have long-lasting effects, even if tariffs are temporary. 1/5

Trump berates Zelensky, the leader of a democratic country courageously fighting Russian imperialism, while he allies himself with Putin, a dictator who started the bloodiest European war in 80 years. Sorry, President Trump. We believe in democracy, not authoritarianism.

Dear Volodymyr @zelenskyyua, we stand with #Ukraine in good and in testing times. We must never confuse aggressor and victim in this terrible war. (FM)

Kamala Harris told us exactly what was going to happen.

Industrial policy, green growth, and Trump’s protectionism were the focus of my latest HKS Policycast. I enjoyed the conversation.

Der erste Christdemokrat, der gegen Merz‘ Grundgesetzänderungen stimmen will, ist ausgerechnet sein ehemaliger Generalsekretär … 👇

America’s surplus in services and foreign equity income nearly offsets its trade deficit in goods, making its $16.4 trillion in foreign assets a more attractive target for retaliation than tariffs on US exports, writes Harvard's Growth Lab’s Ricardo Hausmann. bit.ly/4233lU6

Trump is focused on the US trade deficit in goods. It forgets not only about the US surplus in services exported from the US but the much bigger surplus of the US subsidiaries abroad. The profits from those subsidiaries are 700B and have a market value of 16T. My Project Syndicate op-ed.

There is a reason why major public decisions need to be discussed by sub-committees, then committees, then the whole chamber, then the other chamber. And then the President. It is a system intended to prevent the idiocy and the lunacy of “Liberation Day”. The worst economic

Policymakers often think that organic market competition drives low prices, innovation, and economic progress. But organic market processes have had little to do with the forces driving down prices for solar, wind, batteries, and many other energy technologies.

Our paper with Ketan Ahuja on industrial policy and the energy transition is out in a great new Bruegel book. Here is Ketan’s thread. One punchline: competition and industrial policies are complements, not substitutes. Read on!

Today April 11, thousands of Venezuelans received a DHS e-mail telling them that whatever protected status, parole and labor authorizations they had, these will expire in 7 days. It prompts them to leave the US before that or be subject to criminal prosecution. It’s despicable!!

As a 30 year subscriber, I hope The Economist will pardon me for posting the start and end of this week's brilliant Charlemagne Stanley Pignal about Europe as the land of th free. (With my apologies, but it so good it will certainly drive some subscriber growth!) The thing about

There were not witches in Salem and there is no US external deficit, only bad accounting. In a knowledge-intensive world, countries trade "dark matter" an idea I developed with Fede Sturzenegger. US is a major exporter. Trump is undermining it. My Project Syndicate op-ed.

Excited to see this paper finally out! It began as my second-year PhD trade class term paper and took 9 years to finish!

Probably the most thoughtful economist in the world today, the one with a better understanding about the global economy, Ricardo Hausmann, talks about the role of knowledge in production, complexity value chains, and "dark matter". If I only had 30 mins to teach economics to

Should economists be like architects or auditors? I doubt prospective students struggle to decide between the two: these studies cater to very different personalities. The world needs both professions but probably not in the same person. My Project Syndicate op-ed: project-syndicate.org/commentary/wha…

Our paper "Gravity with History" is out! JEEA Joint with Peter Egger, Reto Föllmi, Ulrich Schetter