Douglas Irwin @D_A_Irwin Twitter profile

Pinned Tweet

Douglas Irwin

10 months

Goodbye to double digit royalty checks. . . You can now freely download pdf chapters of Clashing over Commerce on the @nberpubs website!

14

153

521

Last Seen Profiles

@tekstone

@cats_plain

@pincheitzell

@Bimen5678

@terryharvin

@GwennyyFae

@brispiderman

@Stephan76215148

@SSbigbig

@Ms_KristaB

@Gee__Gazza

@aiivitaa_

@a01089230370

@AnipokePreview

@3zizMe_

@Keam09957668318

@feisty_lol

@JoelGould6

@3Man_enman

@Abs0lut3_

@iBRAHiMAY_

@swcuriositos

@AmiriTeran

@mayajtdawson

@mazzie_schommer

@4S3Y7H9tD0DDr4

@Uncle_hasan

@Humor_Legame

@BinorRaja

@paponmusic

@ihoopdree

@magiliwmo

@CoachTrist

@ZAGANOS13

@EnichiSan

@Linsoul_JP

Douglas Irwin

@D_A_Irwin

4 years

Proposal: why don't we write to basic macro identity as Y = (C + I + G - M) + X to make it clear that the trade deficit doesn't reduce GDP, rather, imports are subtracted simply to eliminate them from domestic expenditures

40

386

2K

Douglas Irwin

@D_A_Irwin

3 years

How about an AER rejection in which the editor says your paper is "very narrow" & "adds practically nothing to the literature"? That's the rejection that Wolfgang Stolper & Paul Saumuelson got for the Stolper-Samuelson theorem - one of the most important ideas in trade ever!

19

404

2K

Douglas Irwin

@D_A_Irwin

2 years

Why was there was so much trade liberalization in pivotal decade of 1985-95 - creating globalized world of today? Thread on new paper 1/7

7

190

740

Douglas Irwin

@D_A_Irwin

11 months

Important thread here . . the big impact of a 10% Trump tariff would not be the static deadweight losses, but the end of the trading system -> retaliation against the US, discrimination agst US in other markets, end of GATT rules, and a mess that would be very hard to unwind.

Paul Krugman

@paulkrugman

11 months

OK, the economics. A flat 10% tariff on imports would hurt the economy, but not as much as some people seem to imagine. Doug Irwin estimates that even 40%-plus 19th century tariffs generally caused deadweight losses <1% of GDP 4/ .

15

35

215

33

163

502

Douglas Irwin

@D_A_Irwin

4 years

So a steel executive supports the 25% steel tariff but cries for an exemption on the steel inputs his firm purchases. . . Bottom line: he wants to stick others with higher prices but complains when it affects him. Bring out the tiny violins! via @WSJ

Opinion | I Support Trump’s Tariffs but Need an Exemption

His economic policies led me to reopen a steel plant. The tax on imported steel may force me to idle it.

www.wsj.com

16

174

464

Douglas Irwin

@D_A_Irwin

4 years

“The first duty of an economist is to describe correctly what is out there: a valid description without a deeper explanation is worth a thousand times more than a clever explanation of nonexistent facts.” - Paul Samuelson

5

95

467

Douglas Irwin

@D_A_Irwin

2 years

Key, priceless graf from @paulkrugman : How the West Is Strangling Putin’s Economy

12

129

440

Douglas Irwin

@D_A_Irwin

5 years

If you can't stand hundreds of pages of US trade policy history, perhaps try 35?

7

121

404

Douglas Irwin

@D_A_Irwin

5 years

THREAD: Tomorrow (July 26) is the 85th birthday of Jagdish Bhagwati, one of the great trade economists of all time (1/n)

8

138

382

Douglas Irwin

@D_A_Irwin

5 years

100% pass-through - important findings on Trump tariffs by the great team of Amiti, Redding, and Weinstein - HT: @sdonnan

7

226

338

Douglas Irwin

@D_A_Irwin

4 years

US now importing wine with 14.02% alcohol content because new 25% tariffs only apply to wine with alcohol up to 14%, from @JoshZumbrun via @WSJ

America Taxed Your Favorite Bordeaux? Try One With More Alcohol.

A trade spat over airplanes has Washington slapping extra tariffs on some countries’ wines with alcohol content 14% and under. So Americans are drinking the stronger stuff.

www.wsj.com

10

91

331

Douglas Irwin

@D_A_Irwin

3 years

Happy (belated) 94th birthday to the great trade economist Max Corden! 1/4

9

43

329

Douglas Irwin

@D_A_Irwin

2 years

Honored to have been selected as President-elect of the @EconHistAssoc for '22-23. Economic historians ask big questions and the range and quality of research has improved greatly over the course of my career. Go #EconHistory !

30

29

324

Douglas Irwin

@D_A_Irwin

7 years

April 19 marks the 200th anniversary of Ricardo's theory of comparative advantage - lift a glass of Portuguese wine!

16

272

304

Douglas Irwin

@D_A_Irwin

3 years

To understand the political power of sugar producers, consider this passage from John Boehner's book "On the House":

John G. Murphy

@JGodiasMurphy

3 years

“We are only getting a fraction of what we need” — the US tariff-and-quota system for sugar at work.

1

2

15

14

65

270

Douglas Irwin

@D_A_Irwin

3 years

How the heck did this happen?! A thread on my new paper on South Korea

Peterson Institute

@PIIE

3 years

In 1960, South Korea’s exports were ~1% of GDP & the country’s ability to import depended mostly on US aid. After changing its foreign exchange & trade policies in the mid-1960s, Korea saw a surge in exports to more than 10% of GDP by the end of the decade.

1

36

101

8

71

275

Douglas Irwin

@D_A_Irwin

4 years

When Keynes abandoned free trade & turned to protectionism, Virginia Woolf was so shocked she fainted at the news . . . now THAT'S taking trade policy seriously! from @zachdcarter new book on Keynes

4

70

270

Douglas Irwin

@D_A_Irwin

4 years

A great and non-obvious example of gains from trade and variety

Adam Tooze

@adam_tooze

4 years

Why does the “desert kingdom” of Saudi Arabia import sand from Australia? Because desert sand grains are too small, too round and too smooth to be much use for construction; you might so well make bricks out of icing sugar.

15

80

325

5

69

248

Douglas Irwin

@D_A_Irwin

4 years

"the part of economics that is independent of history and social context is not only small but dull" - Robert Solow (1997)

3

78

253

Douglas Irwin

@D_A_Irwin

4 months

New working paper on global inequality . . . not only has between-country inequality fallen over past 2-3 decades, but so has within-country inequality

6

83

243

Douglas Irwin

@D_A_Irwin

5 years

Another just-updated trade war paper by leading economists also finds 100% pass-through of US tariffs to consumer prices, slightly smaller DWL HT: @tylercowen

8

153

227

Douglas Irwin

@D_A_Irwin

11 months

The China Shock narrative emphasizes the loss of US manufacturing jobs & harm to certain communities, but the expansion of trade with China benefited most American workers. Lots of winners, few losers, as this chart illustrates:

17

81

232

Douglas Irwin

@D_A_Irwin

6 years

Just a reminder that trade policy is foreign policy. A sad read.

9

114

203

Douglas Irwin

@D_A_Irwin

2 months

The claim that import tariffs are not passed through to domestic prices flies in the face of abundant evidence (multiple published studies) from the Trump tariffs

Philip Melanchthon Wegmann

@PhilipWegmann

2 months

When asked about tariffs increasing prices for consumers, USTR @AmbassadorTai replies, “I think that that link in terms of tariffs to prices has been largely debunked.”

60

5

42

9

70

202

Douglas Irwin

@D_A_Irwin

5 years

"Influential House Democrats say they won't even negotiate with the WH [on USMCA] until Trump stops threatening to withdraw from NAFTA and lifts his tariffs on Canada's and Mexico’s steel and aluminum." HT: @snlester

Behind the scenes: Troubles ahead for Trump's NAFTA replacement

Nancy Pelosi will decide when the USMCA comes to the House floor.

www.axios.com

6

85

176

Douglas Irwin

@D_A_Irwin

6 years

In case you're curious, the ship turns around. . . .

Simon Casey

@sjcasey

6 years

Ship-tracking data shows what happens when you're halfway to China before Biejing slaps a 179% tariff on the product you're carrying via @megandurisin #OATT

7

213

252

2

93

185

Douglas Irwin

@D_A_Irwin

3 years

Yikes! Hard to believe it has been 25 years since @PrincetonUPress published my book "Against the Tide: An Intellectual History of Free Trade"

9

21

185

Douglas Irwin

@D_A_Irwin

2 years

Very sorry to hear that Ron Jones, the great trade theorist @ Univ of Rochester, has passed away. His 1965 @JPolEcon is a foundational classic, his textbook World Trade and Payments another classic, among so many contributions . . .

7

38

183

Douglas Irwin

@D_A_Irwin

4 years

Amazing story from Paul Volcker's memoir . . .the 1971 Nixon shock was supposed to include US withdrawal from the 1965 auto pact with Canada. . . but a State Dept official tore off the last page of the press release mentioning it and it was forgotten!

4

60

180

Douglas Irwin

@D_A_Irwin

3 years

The passing of Robert Mundell reminds me of his 2001 debate with Milton Friedman on fixed versus floating exchange rates, the economics and politics of the Euro, the adjustment mechanism, and much more. Truly a clash of titans

One world, one money?

Robert Mundell and Milton Friedman debate the virtues—or not—of fixed exchange rates, gold, and a world currency.

policyoptions.irpp.org

4

62

168

Douglas Irwin

@D_A_Irwin

4 years

A recurring trade policy phenomenon.....when the Reagan administration restricted sugar imports in early 1980s, it was soon restricting imports of confectionery products, including cake mixes, because firms were sifting out the sugar to avoid the import quotas! 🎂🥮🍰

Shawn Donnan

@sdonnan

4 years

Tariffs haven’t worked. So add more tariffs?

4

14

43

6

53

162

Douglas Irwin

@D_A_Irwin

5 years

"The whole point of economics is to figure out how, in a world of scarce resources, we can make people’s lives better." A beautiful remembrance of Alan Krueger by @crampell

Opinion | Alan Krueger’s minimum wage research was remarkable. So was his happiness work.

In many ways, I owe my career in journalism to him.

www.washingtonpost.com

0

64

162

Douglas Irwin

@D_A_Irwin

7 years

At long last, this appears from @UChicagoPress , should be shipping soon!

17

43

163

Douglas Irwin

@D_A_Irwin

2 years

Looking forward to @dartmouth commencement with speaker Russell Wilson @DangeRussWilson this morning 🌄

5

14

156

Douglas Irwin

@D_A_Irwin

3 years

Happy 97th Birthday to Arnold Harberger! (1/3)

4

24

157

Douglas Irwin

@D_A_Irwin

8 months

Honored to have given a keynote at the 9th IMF-World Bank-WTO trade conference this week - on the role of these institutions in promoting trade reform in developing countries in the 1980s-90s 1/n

6

32

158

Douglas Irwin

@D_A_Irwin

5 years

Most recent Gallup poll still shows strong US support for trade, more opportunity than threat . . . nice long time-series for comparison

4

74

152

Douglas Irwin

@D_A_Irwin

6 years

We've protected steel a myriad of ways in past, all failed to revitalize industry, leading to lost jobs in downstream sectors, and retaliation agst our exports

David Beckworth

@DavidBeckworth

6 years

Here is @D_A_Irwin on his new book

0

1

6

3

106

150

Douglas Irwin

@D_A_Irwin

5 years

Which Nobel laureate in economics said this in 1996?

8

45

149

Douglas Irwin

@D_A_Irwin

7 years

A old classic by @paulkrugman on why businessmen aren't good on econ policy: "A Country is not a Company"

A Country Is Not a Company

Why businesspeople don’t necessarily make great economists.

hbr.org

2

107

145

Douglas Irwin

@D_A_Irwin

2 years

Time to re-up this . . . .

Douglas Irwin

@D_A_Irwin

4 years

Proposal: why don't we write to basic macro identity as Y = (C + I + G - M) + X to make it clear that the trade deficit doesn't reduce GDP, rather, imports are subtracted simply to eliminate them from domestic expenditures

40

386

2K

4

20

144

Douglas Irwin

@D_A_Irwin

7 years

Congress is not cutting taxes. As Milton Friedman said, to spend is to tax. Congress is raising taxes on my kids. #BudgetConstraints

11

77

138

Douglas Irwin

@D_A_Irwin

3 years

Saturday May 15 is the 175th anniversary of the repeal of the Corn Laws by the House of Commons. . . raise a glass to Richard Cobden and Sir Robert Peel!

3

49

140

Douglas Irwin

@D_A_Irwin

4 years

A young J M Keynes in 1903: "I hate all priests and protectionists. Free trade and free thought! Down with pontiffs and tariffs"

2

31

142

Douglas Irwin

@D_A_Irwin

3 years

My tribute to a great human being, @Columbia trade economist Ron Findlay....

6

46

140

Douglas Irwin

@D_A_Irwin

4 years

My work here is done . . .

Peterson Institute

@PIIE

4 years

Priority 1: Abolish the Office of Trade and Manufacturing Policy. Read the rest of @D_A_Irwin 's #PIIERebuilding recommendations to the next Director of the National Trade Council:

1

5

14

5

20

135

Douglas Irwin

@D_A_Irwin

1 year

My dear Bailey, RIP 😢

22

0

134

Douglas Irwin

@D_A_Irwin

5 years

Proud of my @DartmouthEcon colleagues who have made us a #15 US econ dept -- without a graduate program, focusing entirely on undergraduates!

6

131

Douglas Irwin

@D_A_Irwin

2 years

Celebrating the career and contributions of Alan Winters, who has helped us all understand the world of trade policy, with @BernardHoekman at @EUI_EU in Florence

8

12

131

Douglas Irwin

@D_A_Irwin

7 years

Honored that my book is among The Economist's best of 2017, and glad that the paper continues to champion the principles of liberal trade (as it has since 1843) via @TheEconomist

6

44

130

Douglas Irwin

@D_A_Irwin

3 years

India's internal trade barriers are more costly than its external trade barriers . . . .

2

51

130

Douglas Irwin

@D_A_Irwin

3 years

My @DartmouthEcon colleague @jimfeyrer has a terrific paper using the closure of the Suez Canal from 1967-75 as a natural experiment of increasing trade costs . . . bottom line - less trade, less income, so let's hope the ship gets unblocked!

Tracy Alloway

@tracyalloway

3 years

The Suez Canal, one of the busiest waterways in the world, has been blocked by a giant container ship that got stuck. You can see other ships piling up behind it. by @roberttuttle & @JavierBlas

35

238

675

6

53

130

Douglas Irwin

@D_A_Irwin

7 years

Economic nationalism: bad history, bad economics, my take @WSJopinion

Steve Bannon’s Bad History

Immigration and rapid industrialization—not tariffs—made the 19th-century economy great.

www.wsj.com

7

82

119

Douglas Irwin

@D_A_Irwin

6 years

When you don't have the steel workers on your side . . . .

Will Mauldin

@willmauldin

6 years

The United Steelworkers don't support the Trump administration's latest steel-tariffs move, which extends the duties to Canada. "This decision is unacceptable and calls into serious question the design and direction of the administration's trade policy." @steelworkers

71

836

1K

3

79

117

Douglas Irwin

@D_A_Irwin

5 years

We economists talk about container ships, but who appreciated how important pallets were to trade?!

Catherine Rampell

@crampell

5 years

No-deal Brexit panic after ministers realize the UK doesn't have the right pallets for exporting to the EU

7

25

54

9

32

123

Douglas Irwin

@D_A_Irwin

6 years

"Several times Cohn just asked the pres 'Why do you have these views [on trade]?' 'I just do,' Trump replied. 'I've had these views for 30 years.' 'That doesn't mean they're right,' Cohn said. 'I had the view for 15 years I could play pro football. It doesn't mean I was right.'"

5

44

120

Douglas Irwin

@D_A_Irwin

3 years

Looking forward to reading this major contribution by @OscarCalvo_econ - great story on institutional change and the development path in Spain

2

17

122

Douglas Irwin

@D_A_Irwin

4 years

If you are interested in GATT history, you'll have to check out Francine McKenzie's new book....very good on the global political context

1

25

121

Douglas Irwin

@D_A_Irwin

2 years

“Milton Friedman isn’t running the show anymore.” - Joe Biden, April 2020 "Milton Friedman is having a moment." - @greg_ip , June 2022

Greg Ip

@greg_ip

2 years

A surge in the money supply last year followed by higher inflation has Milton Friedman's followers saying "I told you so." Money's utility is still limited by unstable velocity, but its rise reinforces importance of nominal GDP to inflation.

17

32

163

5

43

116

Douglas Irwin

@D_A_Irwin

4 months

New book out edited by Maury Obstfeld and me, with thanks to @AdamPosen Floating Exchange Rates at Fifty via @PIIE

1

45

117

Douglas Irwin

@D_A_Irwin

9 months

Sorry to learn that Max Corden has passed away. His book "Trade Policy and Economic Welfare" was an inspiration, and the idea of effective protection is a lasting part of the trade canon

Douglas Irwin

@D_A_Irwin

3 years

Happy (belated) 94th birthday to the great trade economist Max Corden! 1/4

9

43

329

8

35

119

Douglas Irwin

@D_A_Irwin

4 years

Teaching trade now which means lot of PPFs, terms of trade lines, and indifference curves . . .a salute to Enrico Barone, a brilliant Italian economist who put together these tools in a path-breaking footnote in 1908 to illustrate the gains from trade

2

29

118

Douglas Irwin

@D_A_Irwin

4 years

President Trump sought to reduce the trade deficit, increase manufacturing employment, change China’s policies, and reach better deals, but fell short on all counts, writes @D_A_Irwin via @WSJ

Opinion | Trade Truths Will Outlast Trump

The president’s failed experiments with tariffs and bilateral deals helped validate old best practices.

www.wsj.com

3

50

115

Douglas Irwin

@D_A_Irwin

2 months

About to go to a conference at the Banque de France...hope there are no hard feelings

3

9

117

Douglas Irwin

@D_A_Irwin

6 years

He's absolutely right. . . nobody says that.

Fox News

@FoxNews

6 years

. @POTUS : "If I bring the trade deficits down, we could pick up 3 and 4 points in GDP."

272

349

2K

10

33

108

Douglas Irwin

@D_A_Irwin

5 years

"pretty much everything Mr. Trump has promised on the trade front by imposing tariffs hasn’t panned out, even if the president persists in saying the opposite" - point by point by @veroderugy

Opinion | What Trump’s Aggressive Trade Tactics Have Achieved (Published 2019)

How do the president’s claims about tariffs and trade deficits stack up to reality?

www.nytimes.com

2

66

110

Douglas Irwin

@D_A_Irwin

5 years

Free trade is *always* under fire . . . . so it's time for a new, updated 5th edition. Available from @PrincetonUPress in March Pre-order here:

7

35

112

Douglas Irwin

@D_A_Irwin

3 years

An important reason for the US chip shortage . . . by @ChadBown

Chad P. Bown

@ChadBown

3 years

Trump imposed 25% trade war tariffs on semiconductors beginning in July 2018. The US now imports **half as many** semiconductors from China as it did pre-trade war. (That's billions of fewer chips). Those missing chips have NOT been replaced by imports from elsewhere... 3/

9

163

296

2

51

114

Douglas Irwin

@D_A_Irwin

5 years

Amazing reformer who transformed Australia: Hawke cut protective tariffs, privatized state-owned industries, taxed fringe benefits/capital gains, floated the overvalued Australian dollar, reined in powerful unions & increased spending for education/welfare

10

37

108

Douglas Irwin

@D_A_Irwin

2 years

Bottom line: Exporting food great Importing food "a disgrace" Back to the Corn Laws under the Conservatives?

Brian Klaas

@brianklaas

2 years

The next Prime Minister of the United Kingdom:

762

447

2K

19

112

Douglas Irwin

@D_A_Irwin

7 years

After US imposed #SmootHawley in 1930, the pro-US Liberal govt in Canada fell, the pro-UK Cons took over & retaliated hard agst US exports

David Frum

@davidfrum

7 years

So we’re all going to feel very pleased with ourselves when the Mexicans replace Pena Nieto with a left-wing anti-American nationalist

110

590

1K

3

110

111

Douglas Irwin

@D_A_Irwin

7 years

Call it neoliberalism, call it whatever, "free markets improved more lives than anything ever" says @Noahpinion via @bv

Free-Market Failure Has Been Greatly Exaggerated

Few things in human history have done so much to reduce absolute poverty.

www.bloomberg.com

3

67

110

Douglas Irwin

@D_A_Irwin

6 years

Happy to find "Clashing over Commerce" on @foreignaffairs Best Books of the Year 2018 - paperback with new afterward coming in late 2019 via @ForeignAffairs

4

33

111

Douglas Irwin

@D_A_Irwin

5 years

It's not that we fail to tax carbon and fossil fuel emissions, the world actually *subsidizes* them . . . big time.

Achim Steiner

@ASteiner

5 years

@IMFNews just published global update on fossil fuel subsidies: estimate f 2017 a staggering US$ 5.2 TRILLION (6.5% of global GDP). ‘Efficient fossil fuel pricing’ in 2015, would have lowered carbon emissions by 28% & foss fuel air pollution deaths by 46%.

21

271

263

4

62

105

Douglas Irwin

@D_A_Irwin

4 years

Recognize these great trade economists from 1976?

4

17

110

Douglas Irwin

@D_A_Irwin

6 years

If you care about the trade deficit, seems odd to pick on Canada and Mexico. . .

5

83

103

Douglas Irwin

@D_A_Irwin

2 months

Does Trade Reform Promote Economic Growth? A Review of Recent Evidence

Abstract. Do trade reforms that significantly reduce import barriers lead to faster economic growth? In the twenty-five years since Rodríguez and Rodrik's

academic.oup.com

2

38

109

Douglas Irwin

@D_A_Irwin

5 years

In his classic 1963 JPE article with Ramaswami, he showed how the case for free trade was not dependent on perfect markets, breaking the old link between free trade & laissez faire; hard to overstate the importance of this work (2/n)

2

35

102

Douglas Irwin

@D_A_Irwin

3 years

Sorry to hear of John Williamson's passing . . . @PIIE has collected his many writings on the Washington Consensus here:

Washington Consensus

www.piie.com

1

41

104

Douglas Irwin

@D_A_Irwin

3 years

A fine new paper that looks at/quantifies the retaliation against US exports as a result of the Smoot-Hawley tariff

NBER

@nberpubs

3 years

The Smoot-Hawley Tariff triggered a trade war that reduced US exports to retaliating countries by as much as 33%, from Kris James Mitchener, Kirsten Wandschneider, and @kevinhorourke

0

29

60

2

42

100

Douglas Irwin

@D_A_Irwin

7 years

That's because Trump always cites balance on goods, not "goods and services" - ignore net exports of services, make deficit seems bigger

FT Breaking News

@ftbreakingnews

7 years

Trump's claim about the US trade deficit is about $300bn higher than the official data

1

13

6

84

96

Douglas Irwin

@D_A_Irwin

3 years

A landmark in understanding trade policy... published 245 years ago but still worth reading (esp Bk IV)

Adam Smith's Panmure House

@AdamSmithHouse

3 years

On this day in 1776, Smith's first edition of 'An Inquiry into the Nature and Causes of the Wealth of Nations' was published by W. Strahan in Scotland & T. Cadell in London. The 1st edition comprises two volumes and around 700 copies were made. #AdamSmithHouse

1

32

71

2

25

99

Douglas Irwin

@D_A_Irwin

6 years

Now that's a trade war

Marc-William Palen (@mwpalen.bsky.social)

@MWPalen

6 years

Kosovo-Serbia relations the last 3 days: 21/11 - Kosovo slapped 100% tariff on Serbian goods 22/11 - Kosovoans publicly burn goods made in Serbia 23/11 - Hundreds of Serbs in Kosovo protest the new tariff

3

16

18

5

33

97

Douglas Irwin

@D_A_Irwin

10 months

If 10% tariffs would be so great, wouldn't 25% and 35% and 45% tariffs be greater still? What's the limiting principle?

Simon Lester

@snlester

10 months

Trump letter to WSJ: "Under Joe Biden, our trade deficits, also known as losses, have hit record highs." But Biden has mostly kept Trump's tariffs in place, so this kind of seems like an argument that tariffs don't lead to lower trade deficits.

10

36

132

8

23

95

Douglas Irwin

@D_A_Irwin

6 years

Paying my respects to Mr. J. S. Mill in London

0

10

94

Douglas Irwin

@D_A_Irwin

5 years

Teaching trade this term? Consider assigning this trade trilogy to your students: 1. how to think about trade today 2. the problems with protectionism 3. an analysis of Trump's policy

The False Promise of Protectionism

The great danger of Trump’s economic nationalism is that, by pursuing it, the White House could destroy the open trading system—thereby damaging not just the global economy, but also the interests of...

www.foreignaffairs.com

4

42

95

Douglas Irwin

@D_A_Irwin

3 years

Fun fact: a copy of this paper was found by US special forces in the raid on Osama bin Laden’s compound in Abbottabad, Pakistan in 2011 . . . he apparently kept a file on France!

David Andolfatto

@dandolfa

3 years

Related article by @D_A_Irwin "Did France Cause the Great Depression?"

2

3

18

5

25

97

Douglas Irwin

@D_A_Irwin

7 months

. @DartmouthEcon on top of the Andes as we leave Chile 🇨🇱 to go study Argentina 🇦🇷

4

2

98

Douglas Irwin

@D_A_Irwin

6 years

If AFL-CIO thinks tariffs have gone too far, what does this say about our (economist's) political economy models? Who really wants them?

CBS News

@CBSNews

6 years

Despite previous praise for them, AFL-CIO President Richard Trumka says President Trump's tariffs have gone too far

20

53

67

10

42

89

Douglas Irwin

@D_A_Irwin

1 year

Should developing countries follow the new Washington-Beijing-Brussels consensus of spending lots and lots of money on industrial policy? 🤔 Some skeptical notes ⤵️

The Return of Industrial Policy

Should developing economies follow the United States and China by building national champions?

www.imf.org

3

30

95

Douglas Irwin

@D_A_Irwin

6 years

Not feasible....but might be with trade

2

9

94

Douglas Irwin

@D_A_Irwin

3 years

Only a group of @DartmouthEcon students could get excited about seeing the central bank of Chile on a sunny Sunday in Santiago 😎

4

2

96

Douglas Irwin

@D_A_Irwin

3 years

In the pre-internet era, it took time, effort, and luck to find books - which made it fun! Here are some of my favorites on trade ... First up, from June 1984, my purchase at Sidney Kramer's in Washington DC (later met Max and got him to sign it)

10

15

96

Douglas Irwin

@D_A_Irwin

5 years

Washing machine tariffs: $817,000 consumer cost per job saved . . .new evidence on the price/production impact of recent trade policy from @felixtintelnot @beckerfriedman

The Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines | BFI

We analyze several rounds of U.S. import restrictions against washing machines. Using retail price data, we estimate the price effect of these import restrictions by comparing the price changes of...

bfi.uchicago.edu

1

71

94

Douglas Irwin

@D_A_Irwin

4 years

I'd love to know the evidence behind this assertion - if there is any. . . a lot of policy officials at the time and trade economists today would strongly disagree

Mara Lee

@MaraRhymesSarah

4 years

@USTradeRep Lighthizer says the idea that higher tariffs contributed to the duration/depth of the Great Depression is an "urban myth" while speaking at Catholic U.

7

6

19

4

37

93

Douglas Irwin

@D_A_Irwin

6 years

"the idea that the typical American is little better off than four decades ago does not withstand scrutiny," featuring my @dartmouthecon colleague Bruce Sacerdote . . via @TheEconomist

6

47

92

Douglas Irwin

@D_A_Irwin

5 years

"the agency’s studies showing how USDA’s farm-subsidy programs disproportionately benefit wealthier farmers have been a 'perennial irritant' to influential lobbying groups"

Economists flee Agriculture Dept. after feeling punished under Trump

Reports showing farmers hurt by the president’s policies have drawn the ire of top officials.

www.politico.com

5

56

92

Douglas Irwin

@D_A_Irwin

6 years

Ultimately he wants *managed trade*, not free trade (zero tariffs), as reflected in his stance on NAFTA

Mark Harrison

@mark4harrison

6 years

“It’s not good enough” (Trump yesterday on an EU auto tariff proposal). “Their consumer habits are to buy their cars, not to buy our cars.” So it's the *people* who are wrong, not the policies and not the producers . . .

6

10

20

12

47

89

Douglas Irwin

@D_A_Irwin

1 year

Next month marks the 50th anniversary of floating exchange rates.... Maury Obstfeld, @AdamPosen and I have assembled an all-star cast to reassess the past and look to the future of the exchange rate regime. Check it out! via @PIIE

Floating exchange rates at fifty

Fifty years ago, in March 1973, the major industrial economies abandoned fixed exchange rates based on gold, conclusively ending the post–World War II Bretton Woods arrangements. Proponents believed...

www.piie.com

2

27

93