Oleg Itskhoki

Professor of Economics @Harvard.
Infrequently tweet thoughts and re-post links, rarely engage on this platform, looking forward to a less toxic social media.

[Oleg Itskhoki @itskhoki]

*Trade war: my theory of the case*
1. What is the goal/ideal outcome/trump admin hopes: 10% tariff across the board with no retaliation + direct non-tariff favors from other countries to settle this at 10% + a possible full-scale bilateral trade war with China. (1/n)

[Hoover Institution @HooverInst]

Four years after Western governments imposed sanctions on Russian oil in response to Russia's invasion of Ukraine, Moscow continues to earn more than $200 billion annually from oil and gas exports.

Economists Oleg @Itskhoki and @ElinaRibakova examine what worked, what failed, and why future sanctions require stronger enforcement, clearer objectives, and measures targeting Russia's long-term production capacity.

Read their new essay for Hoover's Commons initiative: https://t.co/LYZQ1ayJTh

[Oleg Itskhoki @itskhoki]

Ominous indeed: an “unexpected” consequence of the brutal five-year-long war in Europe is that the most cruel dictatorship of the 21st century develops the leading weapon technology

https://t.co/al3EFn5mdF

[Macro Finance Research Program @MFRProgram]

Closing out the 2026 MFR Summer Session is Oleg @itskhoki (Harvard) presenting "Exchange Rates and Financial Markets." #MFRSummerSession #MacroFinance #EconTwitter

[Gabriel Chodorow-Reich @gchodorowreich]

Congratulations to my phenomenal colleague @ludwigstraub on a wonderful and well-deserved recognition: https://t.co/AoV5rlWzQi

[Gita Gopinath @GitaGopinath]

How to address global imbalances? What are its proximate causes and what are not? What about sectoral imbalances? Solutions? Our report on global imbalances handed in yesterday to President @EmmanuelMacron for the G7, written with @helene_rey, Axel Weber and Chon-En Bai. The report can be found here: https://t.co/bSEZA7DA0R

Announcement: https://t.co/XCegCaCgQ2

[Ekaterina Gurkova @e_gurkova]

I am happy to share that in Fall 2026 I’ll be joining @PSEinfo as an Assistant Professor!

I’m deeply grateful to my advisors Lee Ohanian, @itskhoki, and @arielburst, and the amazing UCLA Econ community for their support and guidance. Huge thanks as well to my friends and family!

[Ina Simonovska @InaSimonovska]

@itskhoki + my signature third edition of the Jackson Hole International Trade, Macro and Finance conference was a huge hit. POW + suberb research. Thank you all! @arielburst @fab_perri @skalemliozcan @glviolante @roozbeh52
Check out the program here:
https://t.co/9XgAwqXvIn

[Sebnem Kalemli-Ozcan @skalemliozcan]

Here is our recorded AEA session https://t.co/AEtGmsO0w9 at #ASSA2026 on tariffs and the dollar w/ @itskhoki , @JSchreger , @krogoff , @MartinUribeEcon. Interesting conversations w/presenters, discussants and the audience on understanding tariffs' impact on the economy: what happened, can tariffs be good, models and reality, how countries compete, why the dollar went the wrong way and what the future may hold for the dollar and the U.S.

[NBER @nberpubs]

Market distortions make real exchange rates a misleading measure of relative social costs. An alternative measure finds much better risk sharing than the canonical approach, from Mark A. Aguiar, @itskhoki, and @MukhinDA https://t.co/D841Zhp8TV

[Maxim Mironov @mironov_fm]

My paper joint with Tania @TaniaBabina , Ben @ben_hilgenstock, Oleg @itskhoki , Elina @elinaribakova, and Nataliia @Nataliia_Shapo

"Russian oil exports under international sanctions" was just published at Energy Economics:

https://t.co/jcDwnxh3Zu

You can read it for free until January 24, 2026

[NBER @nberpubs]

A unifying empirical framework for covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies, from Mai C. Dao, @pogourinchas, and @itskhoki https://t.co/XOJoYETvai

[VoxEU @voxeu]

Tariffs, global imbalances, and the dollar
Oleg Itskhoki @itskhoki @Harvard @HarvardEcon, Dmitry Mukhin @MukhinDA @LSEnews @LSEEcon
https://t.co/Cgkps1ey1M

[EconoFactOrg @EconoFactOrg]

Recent changes in US policies have altered trade relationships and the international role of the dollar. @itskhoki Itskhoki joins EconoFact Chats to discuss the sources and consequences of these shifts.
https://t.co/0vMWwuv0lz

[Thomas Bourany @TBourany]

[Reading Group IP week 5] Last week, we covered the 2019 Ecma paper by O. Itskhoki and B. Moll, “Optimal development policies with financial frictions.” They ask how governments in emerging countries can accelerate economic development by intervening in labor and capital markets, 1/5

[The Review of Economic Studies @RevEconStudies]

"This paper explains how do trade and financial sanctions affect the exchange rate and fiscal capacity of the target country and what are the costs to sender"

New paper from @itskhoki and @MukhinDA:

https://t.co/wZYwNyUbSD

#econtwitter
#REStud

[NBER @nberpubs]

N. Gregory Mankiw, Robert M. Beren Professor of Economics at Harvard University, presented the 2025 Martin Feldstein Lecture on "The Fiscal Future." https://t.co/54hpjiGYf5

[Oleg Itskhoki @itskhoki]

Slides for today's @nberpubs ITI session on trade war, streamed here: https://t.co/OeXW13T1PF

https://t.co/p6JmpBkPVW

[Trade Diversion (Jonathan Dingel) @TradeDiversion]

Headed to NBER SI. In addition to seeing the latest research, I'm looking forward to the panels on "The Future Impacts Of Current Trade Policy" (@itskhoki, @skalemliozcan, @akhandelwal8, Rodriguez-Clare) & "The Future of the Global Economy" (@itskhoki, @paulkrugman, Tesar).

[Trade Diversion (Jonathan Dingel) @TradeDiversion]

Headed to NBER SI. In addition to seeing the latest research, I'm looking forward to the panels on "The Future Impacts Of Current Trade Policy" (@itskhoki, @skalemliozcan, @akhandelwal8, Rodriguez-Clare) & "The Future of the Global Economy" (@itskhoki, @paulkrugman, Tesar).

[Oleg Itskhoki @itskhoki]

https://t.co/WYClhQFeIe

[Oleg Itskhoki @itskhoki]

the missing 20-30 year olds are great grandchildren of WWII and children of the 1990s, now whiped out by putin in Ukraine ... speaking of long-term strategic consequences for the country and the region

[Oleg Itskhoki @itskhoki]

and this is the scary looking gender-age pyramid without even reflecting yet the consequences of this war

[Oleg Itskhoki @itskhoki]

something i would not be able to comprehend...