Borrower search-cost frictions explain why most of the dispersion in loan interest-rate spreads is driven not by differences between risk categories but by differences within them, from Mary Amiti, Anil K Kashyap, Anna Kovner, and @deweinstein https://t.co/mgc45ohz7W
Who Is Paying for the 2025 U.S. Tariffs?
Liberty Street Economics
12FEB2026
Mary Amiti, Chris Flanagan, Sebastian Heise, & David E. Weinstein
https://t.co/2kmvyoTKSn
Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 to 13 percent.
In this blog post, we ask how much of the tariffs were paid by the U.S., using import data through November 2025.
We find that nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers.
"natural experiment in Japan in which military casualties and urban destruction varied exogenously, but differentially, across cities. … military deaths induce future pro-military voting, while urban destruction induces pacifist voting." https://t.co/i1jaPMRHgN
There is a fun video in Japanese (https://t.co/OHG52oGkah) that just came out explaining the main points of a recently released paper with Reka (@juhreka13) and Shogo on the globalization of the Industrial Revolution (https://t.co/8x4yfDdUCJ)
Happy to see our WP w Shogo Sakabe and @deweinstein (so many years in the making!) out. We examine the role of codifying knowledge in the spread of the Industrial Revolution. A little thread. 1/N
@econ_ra I'm looking to hire a predoc starting next summer to work for me on papers related to trade, finance, macro, and development. It's a great opportunity to hone programming skills and learn how economics research is done. You can apply here: https://t.co/U2BZK3MERO
Ronald E. Findlay (1935-2021), A Memorial on Zoom with friends, family, colleagues, and co-authors. Monday January 31, 2022, 10 am – noon EST.
Ragnar Nurkse Professor Emeritus of Economics, Columbia University. Specialist in intl. trade, economic history, and econ development.
There's a quiet functionality in Japan that people often miss. For example, Japan's COVID death rate is 6-10 percent that of Europe and the US; the long-run growth rate of GDP per work hour is comparable; and unemployment (and crime) rates are low. https://t.co/G0i4HgcUD4
I'm looking to hire a research assistant ("Staff Associate") for a two-year position doing lots of interesting work. People use the position as a stepping stone to econ PhD programs. If that's your dream, apply! https://t.co/VjTwIrfAEz
This is very nice piece explaining why the Israeli data does not show declining vaccine efficacy after controlling for age and vaccination rates. https://t.co/fxGkolVhCy
I was very sorry to hear about the passing of Peter Neary. He was a gentleman and a scholar. Witty and brilliant. I will remember fondly our many dinners together.
Normally I would not be posting personal developments on this website, but in this case I have a pressing concern. My dad, Spanish economist Andreu Mas-Colell, is dealing with an incredibly difficult and unjust situation. 1/
The NBER Japan Project Meeting is scheduled for December 16-17, 2021 in Tokyo. If you have a paper on Japan, please submit it by July 8 here: https://t.co/aoX9S8A5sC