Recall Principle 2 of Three Simple Principles of Trade Policy, Businesses are Consumers Too. Case in point, steel. Justin Wolfers summarizes an analysis of Trump’s 2018 steel tariffs:
Going back further we have a good analysis from Lydia Cox of the Bush steel tariffs. Even though the tariffs were temporary, they led to a rearrangement of supply chains which led to long-lasting declines in exports and employment in steel using industries.
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Marginal Returns to Public Universities
From Jack Mountjoy, forthcoming in the QJE: This paper studies the returns to enrolling in American public universities by comparing...
Rent Control Creates Ghost Apartments
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult....
Greg Mankiw’s Blog: Principles of Economics, 11e
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University....
AI is everywhere but in the productivity statistics…
These people are saying it is there too. Though I am not quite sure what they (or anyone, for that...
