Exports
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The US Manufacturing Industry’s Global Fight
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A new study confirms a resurgence of the US manufacturing industry in the last five years, primarily driven by a reduction in labor costs, depreciation of the US dollar, and reduction in domestic energy prices.
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Rethinking the Optimal Tariff Theory
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Using forty years of price data from the raw cane sugar market in New York City, trade economist Douglas Irwin finds that market demand responds asymmetrically to tariff increases versus tariff reductions.
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Bidding for Fool’s Gold? The Uncertain Benefits of Hosting the World Cup
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A recent paper underscores the difficulty of studying the World Cup and does not draw firm conclusions, but finds suggestive evidence that hosting the World Cup could have a negative impact on exports.
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Manufacturing Matters
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American manufacturing is experiencing a renaissance, and strong policy support is crucial.
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Metro Recovery in a Global Economy
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U.S. metros, the nation’s exporters, are driving economic recovery.
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Iranian Sanctions: New Wine in Old Bottles?
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The oil embargo against Iran will hurt that country’s economy. But it could also have adverse effects in the EU.