But a pair of new studies concludes that he is wrong. “When we impose a tariff, it is the domestic consumers and purchasers of imports that bear the full cost of the tariffs,” said David Weinstein, an economics professor at Columbia University, who co-authored one of the papers.
A recent Washington Post editorial and a letter by leading economists suggest that a carbon tax is the “best first-line policy.” The editorial argues that “a high-enough carbon price would shape millions of choices, small and large, about what to buy, how to invest and how to live that would
David Weinstein of Columbia University, a co-author of one of the papers, called Trump’s trade war “kind of the worst-case scenario” for consumers. The conclusion of his paper notes an economic reality that Trump either ignores or misunderstands: Import protectionism causes real income losses.
Economists from Columbia, Princeton, and the New York Federal Reserve use detailed import data to assess the tariffs’ impact. This paper explores the impacts of the Trump administration’s trade policy on prices and welfare.
Economist Wojciech Kopczuk has been selected as a Visiting Scholar at the Russell Sage Foundation for the 2019-2020 academic year.
In the last few years, globalisation has come under renewed attack. Some of the criticisms may be misplaced but one is spot on: globalisation has enabled large multinationals, such as Apple, Google and Starbucks, to avoid paying tax. Apple has become the poster child for corporate tax avoidance, with its
Joseph Stiglitz Quoted in Washington Post Piece Examining Disparities in Land Value Across the US
After the New England Patriots beat the Kansas City Chiefs, fans flipped out about NFL overtime rules. Is a coin toss really the best way?
S.A.S. Prince Albert II recently visited the Institut de France, in Paris, to attend the reception of Pierre-André Chiappori at the the Academy of Moral and Political Sciences. During this solemn ceremony, a laudatory speech to trace his exemplary career was pronounded by the Sovereign Prince, who gave him the
Economist Jeffrey Sachs published an opinion piece in The Hill urging diplomatic solutions and arguing against the use of sanctions in the quest for peace in the Syrian conflict.
