Imports
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What Japanese Imports in the 1980s Can Tell Us About Employment Today
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The joint processes of industrialization and globalization have undoubtedly reshaped the United States labor market in the post-war period. The dislocation of previously prosperous manufacturing industries in the United States, particularly in what is now called the Rust Belt, has shifted the workforce towards both service sector jobs and jobs…
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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.