Working papers

US-China trade: From the Cold War to the Trade War
A combination of “Trade War and Peace” and “Trade Policy Dynamics”
Slides // Non-technical slides

Trade War and Peace (February 2024)
with G. Alessandria, S. Khan, A. Khederlarian, and J. Steinberg
NBER Working Paper #32150 // The Economist

Trade Policy Dynamics (January 2024) // Slides
with G. Alessandria, S. Khan, A. Khederlarian, and J. Steinberg
The VoxChina version // NBER Working Paper #29122
Revision requested, Journal of Political Economy

The Aggregate Impact of Antidumping Policy (April 2014, preliminary)

The International Elasticity Puzzle (March 2008)


Publications

The Aggregate Effects of Global and Local Supply Chain Disruptions: 2020–2022 // Slides // Repo
with G. Alessandria, S. Khan, A. Khederlarian, and C. Mix // NBER Working Paper #30849
2023: International Seminar on Macroeconomics, Journal of International Economics, 146, 103788.

Firm Entry and Exit and Aggregate Growth (September 2020) // Slides // Repo
   with J. Asturias, S. Hur, and T. Kehoe // NBER Working Paper #23202
2023: AEJ: Macroeconomics 15 (1), pp. 48–105.

Offshore Profit Shifting and Aggregate Measurement (January 2022) // Appendix // Slides // Repo
   with F. Guvenen, R. Mataloni, and D. Rassier // NBER Working Paper #23324
2022: American Economic Review, 112 (6), pp. 1848–84.
   In the context of tax reform: Kevin Hassett // WSJ // Bloomberg
   Other: WSJ (op-ed) // WSJ (article) // CNBC // Bloomberg // Equitable Growth Blog 
   The Vox version // The NBER Digest version // WSJ

Trade Adjustment Dynamics and the Welfare Gains from Trade (February 2021) // Slides // Repo
   with G. Alessandria and H. Choi // NBER Working Paper #20663
2021: Journal of International Economics, 131, pp. 1034–58.

Firm Dynamics and Trade (August 2020) // Slides // Appendix // Condensed reading list
with G. Alessandria and C. Arkolakis // NBER Working Paper #27934
2021: Annual Review of Economics, 13 (1), pp. 253–280.

Global Imbalances and Structural Change in the United States // Slides 
   with T. Kehoe and J. Steinberg // NBER Working Paper #19339
   2018: Journal of Political Economy, 126 (1), pp. 761–796.
   Related Minneapolis FRB policy paper // A review of this work in The Region

New Exporter Dynamics // Slides
   with J. Willis
   2017: International Economic Review, 58 (3), pp. 703–725 

The Interaction and Sequencing of Policy Reforms // Slides
   with J. Asturias, S. Hur, and T. Kehoe // NBER Working Paper #21840
   2016: Journal of Economic Dynamics and Control, 72 (1), pp. 45–66

The Opportunity Costs of Entrepreneurs in International Trade
   with T. Kehoe and P. Pujolas // NBER Working Paper #22514
   2016: Economics Letters, 146 (1), pp 1–3

Intrafirm Trade and Vertical Fragmentation in U.S. Multinational Corporations
   with N. Ramondo and V. Rappoport // NBER Working Paper #21472
   2016: Journal of International Economics, 99 (1), pp. 51–59
   Appendix // The VoxEU version

Using the New Goods Margin to Predict the Industry-level Impact of Trade Reform
   with T. Kehoe and J. Rossbach // NBER Working Paper #19692
   2015: Journal of International Economics 96 (2), pp. 289–297

How Well is U.S. Intrafirm Trade Measured? // Slides
   2015:  American Economic Review: Papers and Proceedings 105 (5), pp. 524–529
   Long version: An Overview of U.S. Intrafirm-trade Data Sources
   Related party trade press releases, 1992-1997 

How Important is the New Goods Margin in International Trade? | Slides
   with T. Kehoe
   2013: Journal of Political Economy 121 (2), pp. 358–392

The Proximity-Concentration Tradeoff under Uncertainty
   with N. Ramondo and V. Rappoport
   2013: Review of Economic Studies 80 (4), pp. 1582–1621

Trade Dynamics under Policy Uncertainty
   2011: American Journal of Agricultural Economics: Papers and Proceedings 93 (2), pp. 450–456

Why Have Economic Reforms in Mexico Not Generated Growth? 
   with T. Kehoe
   2010: Journal of Economic Literature 84 (4), pp. 1005–1027
   The VoxEU version // WSJ Real Time Economics // The Atlantic blog

   Reprinted as: ¿Por Qué Las Reformas Económicas de México No Han Generado Crecimiento?
   2011: El Trimestre Económico 78(3), pp. 491–523.

Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate
   with T. Kehoe
   2009: Journal of Development Economics 89 (2), pp. 235–249
   From Gonzalo Fernandez de Cordoba Martoslecture notes // programs

Are Shocks to the Terms of Trade Shocks to Productivity?
   with T. Kehoe
   2005: Review of Economic Dynamics 11 (4), pp. 804–819
   A review of this work in The Region.

Recent Great Depressions: Aggregate Growth in New Zealand and Switzerland
   with T. Kehoe
   2003: New Zealand Economic Papers 37 (1), pp. 5–40


Comments, book chapters, etc.

Multinational Profit Shifting and Measures throughout Economic Accounts
   with J. Bruner and D. Rassier // NBER Working Paper #24915
2023: in The Challenges of Globalization in the Measurement of National Accounts.
eds: N. Ahmad, B. Moulton, J.D. Richardson, and P. van de Ven. Vol 81, Studies in Income and Wealth. University
of Chicago Press, pp. 153–205.

Comment on: "The Growth of Multinational Firms in the Great Recession"  // Slides
   2017: Journal of Monetary Economics (Carnegie-Rochester-NYU), 85, pp. 65–68

Modeling Great Depressions: the Depression in Finland in the 1990s
   with J.C. Conesa and T. Kehoe
   2007: in Great Depressions of the Twentieth Century. 
   eds. T.J. Kehoe and E.C. Prescott. Federal Reserve Bank of Minneapolis, pp. 427–475

Is Switzerland in a Great Depression?
   with T. Kehoe
   2005: Review of Economic Dynamics 8 (3), pp. 759–775