As U.S. borrowing from abroad grew (the trade balance becomes more negative) employment in the tradable goods sector shrunk. Did foreign lending (and the imports that accompanied it) kill employment in manufacturing? Will manufacturing employment return when the U.S. stops borrowing from the rest of the world? We study these questions here.
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The NYU Stern International Workshop Schedule
Recent Papers: (complete listing)
Trade Adjustment Dynamics and the Welfare Gains from Trade
(with George Alessandria and Horag Choi; this version: April 2014)
The Aggregate Impact of Antidumping Policies
Preliminary Version | New version coming soon.
Global Imbalances and Structural Change in the United States (SLIDES)
(with Timothy J. Kehoe and Joseph B. Steinberg; this version: June 2014)
Related policy paper at the Minneapolis FRB | A review of this work in The Region.
Horizontal vs. Vertical FDI: Evidence from U.S. Multinationals
(with Natalia Ramondo and Veronica Rappoport; this version: March 2014)
Why Have Economic Reforms in Mexico Not Generated Growth?
(with Timothy J. Kehoe) Journal of Economic Literature, 2010, 48(4), 1005-27.
Media: WSJ Real Time Economics | The Atlantic blog | VoxEU
The Proximity-Concentration Tradeoff under Uncertainty
(with Natalia Ramondo and Veronica Rappoport)
Review of Economic Studies, 2013, 80(4), 1582-1621.
Are Shocks to the Terms of Trade Shocks to Productivity? (with Timothy J. Kehoe)
Review of Economic Dynamics, 2008, 11(4), 804-819.
A review of this work in The Region.
Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate (with Timothy J. Kehoe) Journal of Development Economics, 2009, 89(2), 235-249. From Gonzalo Fernandez de Cordoba Martos: lecture notes | programs.
The International Elasticity Puzzle (this version: March 2008)
How Important is the New Goods Margin in International Trade? (SLIDES) (with Timothy J. Kehoe) Journal of Political Economy, 2013, 121(2), 358-392.
Department of Economics
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