NEW HAVEN The United States-China trade war started in 2018 and has never officially ended. So, which side has been “winning” it? Recent research offers an unambiguous answer: Neither. US tariffs on Chinese goods led to higher import prices in the US in the affected product categories, and China’s retaliatory tariffs on US goods ended up hurting Chinese importers.
NEW HAVEN The United States-China trade war started in 2018 and has never officially ended. So, which side has been “winning” it? Recent research offers an unambiguous answer: Neither. US tariffs on Chinese goods led to higher import prices in the US in the affected product categories, and China’s retaliatory tariffs on US goods ended up hurting Chinese importers.
NEW HAVEN In a July 2020 article for Brookings Papers on Economic Activity, Tristan Reed and I showed that, contrary to expectations, COVID-19 deaths per capita were much lower in poorer countries than in richer ones. Readers immediately countered that this finding must be due to mismeasurement or a lack of data for these countries. Our result has since withstood scrutiny
NEW HAVEN Regulators around the world are cracking down on cryptocurrencies. China has banned them. The United States is considering a range of measures aimed at reining them in. The Bank of England is developing capital requirements for financial institutions that hold them. But, far from spelling disaster for the crypto industry, regulation is vital to its long-term