The manufacture and trade of washing machines and parts offers a clear example of the impact of trade restrictions. The first graph shows the sudden shifts in production in countries following trade duties, and the second shows how the market for washing machine parts is similarly impacted.
US Washing Machine Imports and Korean Washing Machine Part Exports by Country
Insights / Research Brief•Aug 17, 2021
The Macroeconomics of the Greek Depression
Gabriel Chodorow-Reich, Loukas Karabarbounis, Rohan Kekre
The economic news in 2007 and 2008 from Greece was alarming and sent ripples across...
Topics: Tax & Budget
Insights / Research Brief•May 04, 2021
Tax Planning Knowledge Diffusion via the Labor Market
US corporations go to great lengths to avoid paying taxes, and some of those avoidance schemes—like moving profits to offshore tax havens—regularly make headlines. However, there are many more subtle techniques to reduce a corporation’s tax bill, and those methods are often practiced by tax accountants with firm- or industry-specific skills. Employing these tax experts can have beneficial effects and provide competitive advantages for firms.
Topics: Employment & Wages, Tax & Budget