Insights / Research Brief•Nov 10, 2021
The Economic Geography of Global Warning
José-Luis Cruz, Esteban Rossi-Hansberg
That unchecked climate change will profoundly affect the world’s economy well into the future is almost universally accepted among researchers. But the world is not a homogeneous economy; likewise, climate change will also affect different parts of the world in different ways.
Topics: Energy & Environment
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•Aug 19, 2019
The Effects of Foreign Multinationals on Workers and Firms in the United States
Much of the recent debate in the United States over foreign-made goods has involved issues of trade—where products are made and where they are shipped—and who benefits most from their production and sale. However, what if those foreign goods are actually made in the United States by domestic employees of foreign-owned firms? What happens to local firms and their workers when a foreign-owned company decides to open a production plant in the United States?
Topics: Employment & Wages
Insights / Research Brief•Apr 21, 2019
Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines
If you were thinking about buying a washing machine sometime in 2017, you may have been tempted to wait a little while for prices to fall. After all, prices had been dropping for about five years, so unless your current washer was inoperable, there was little reason to make a purchase in haste.
Topics: Industrial Organization
Insights / Video
Spotlight: Working Papers from the 2018 Globalization and Inequality Conference
The Globalization and Inequality Conference brought together researchers working in international trade, international finance, labor...
Insights / Research Brief•May 01, 2018
International Currencies and Capital Allocation
If you are a small or mid-sized business in Canada and want to borrow from investors in Germany, it might be difficult to do so with bonds denominated in Canadian dollars, your home currency. It’d be a lot easier if you had a pretty sophisticated corporate treasurer’s office and paid various banking fees to hedge currency exposures. You could then issue your bonds to the German investors in eurodenominated debt.
Topics: Financial Markets