Felix Tintelnot Profile
Felix Tintelnot

@FelixTintelnot

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Associate Professor of Economics at Duke University. Dad.

Durham, North Carolina
Joined September 2014
Don't wanna be here? Send us removal request.
@FelixTintelnot
Felix Tintelnot
21 days
I am pleased to see VP candidate @JDVance is engaging with our research. A thread below offering comments and implications for Trump’s tariff proposals.
@JustinWolfers
Justin Wolfers
22 days
Senator @JDVance , as you requested I've done a bit more digging into the talking points on tariffs we were provided by industry-funded lobby groups. Unfortunately they do not meet our usual high standards for evidence.
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@FelixTintelnot
Felix Tintelnot
2 months
Jonathan Eaton was an exceptional scholar and a wonderful mentor. Cecilia Fieler and I wrote an intellectual obituary describing his academic work and legacy that was just posted on VoxEU.
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@FelixTintelnot
Felix Tintelnot
4 years
In my view, one of the best and most influential Covid papers out there. Based largely on thoughtful and careful data analysis.
@TradeDiversion
Trade Diversion (Jonathan Dingel)
4 years
Now forthcoming in @JPubEcon : "How many jobs can be done at home?" with @BrentNeiman . Manuscript: Replication package: Brent and I wrote this paper entirely from our homes.
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@FelixTintelnot
Felix Tintelnot
3 years
Brad Setzler & I are excited our paper on foreign multinationals in the US has been accepted by the QJE. Key questions: How much more does a worker earn when hired by a foreign multinational? How are domestic firms and their workers in nearby locations affected by foreign firms?
@QJEHarvard
QJE
3 years
Recently accepted by #QJE , “The Effects of Foreign Multinationals on Workers and Firms in the United States,” by Setzler and Tintelnot ( @FelixTintelnot ):
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@FelixTintelnot
Felix Tintelnot
4 years
Our paper Trade and Domestic Production Networks recently got accepted by the @RevEconStud . While you may have seen a previous version, the paper has changed a lot over the last three years, becoming more descriptive and more concise.
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@FelixTintelnot
Felix Tintelnot
4 years
1.Jonathan Dingel and I wrote a new paper on Spatial Economics in Granular Settings. See here:
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@FelixTintelnot
Felix Tintelnot
21 days
All in all, our research suggests that an across-the-board 20 percent increase in tariffs on all countries can have large effects on inflation for American consumers.
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@FelixTintelnot
Felix Tintelnot
4 years
It's great to see our paper on the production relocation and consumer price effects of tariffs in print at the AER. Here is a summary by the AEA from an interview with my co-author @Aaronflaaen .
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@FelixTintelnot
Felix Tintelnot
2 years
It has taken as a very long time to complete this paper, but I believe it was very much worthwhile. Joint work with Emmanuel Dhyne, Ken Kikkawa, Toshiaki Komatsu, and Magne Mogstad
@nberpubs
NBER
2 years
Belgian firms pass on a large share of a foreign demand shock to their domestic suppliers, face upward-sloping labor supply curves, and have sizable fixed overhead costs in labor, from Dhyne, Kikkawa, Komatsu, Mogstad, and @FelixTintelnot
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@FelixTintelnot
Felix Tintelnot
8 months
New short paper with great co-authors. The theoretical setup generalizes the one of my job market paper from 10+ years ago, published as Tintelnot (2017). Here, it is admissible that export-platform plants are complements.
@nberpubs
NBER
8 months
Deriving a simple condition that determines whether a multinational firm's plants are substitutes or complements in a model export-platform foreign direct investment, from @pol_antras , @evgenii_fadeev , @Tfpiasecki , and @FelixTintelnot
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@FelixTintelnot
Felix Tintelnot
2 years
I am reading job market files today and am thoroughly enjoying it so far. Great new work on trade and spatial questions and in adjacent fields.
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@FelixTintelnot
Felix Tintelnot
5 years
Our paper on the effects of trade policy on production relocation and consumer prices - in the context of the washing machine industry - is forthcoming in the American Economic Review.
@AEAjournals
AEA Journals
5 years
Forthcoming in the AER: "The Production Relocation and Price Effects of U.S. Trade Policy: The Case of Washing Machines" by Aaron Flaaen, Ali Hortaçsu, and Felix Tintelnot.
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@FelixTintelnot
Felix Tintelnot
21 days
We also found an equivalent price increase for dryers (a complementary good! see the paper); taken together, this implies roughly full pass-through of the tariffs to US consumers. Our study, published in 2020, focused on the impact of these tariffs in their first year.
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@FelixTintelnot
Felix Tintelnot
2 years
1/n New paper with @pol_antras , @Tfpiasecki , and @AgusGutierrez92 . Our work was motivated by the recent US-China trade war: “Does it matter whether tariffs are placed on final or intermediate goods?”
@Tfpiasecki
Teresa Fort
2 years
Excited about a new NBER working paper that studies the distinct welfare effects of input versus final goods tariffs with @pol_antras @FelixTintelnot and @AgusGutierrez92 1/5
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@FelixTintelnot
Felix Tintelnot
4 years
Will washing machines become the next pick-up trucks, with high tariff protection for 50+ years? Since 2012 washing machines imports into the United States have been significantly restricted.
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@FelixTintelnot
Felix Tintelnot
21 days
However, the 2018 global tariffs resulted in more dramatic increases in consumer prices. We found roughly a 10 percent price increase on washers, compared to oven ranges, dishwashers, and refrigerators.
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@FelixTintelnot
Felix Tintelnot
2 years
I am thrilled about this placement outcome for @LeviGCrews . Go ahead and invite him for your seminars, he has a great paper to present...
@LeviGCrews
Levi Crews
2 years
Thrilled to be joining @UCLA Econ as an AP in 2024 after spending next year as a @IESPrinceton fellow. Big thanks to everyone who had a hand in making it happen 🙏
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@FelixTintelnot
Felix Tintelnot
21 days
A second point: In February 2023 the washer tariffs expired. What happened in 2023? We see a large decline in consumer prices for laundry equipment, roughly around 13 percent. The price of other appliances fell by 3 percent over the same period.
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@FelixTintelnot
Felix Tintelnot
21 days
In 2018, prices for washers and dryers rose by 10%, without noticeably altering the trend. By 2020, prices for laundry equipment were 10% higher than they would have been without the tariff-induced price shift.
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@FelixTintelnot
Felix Tintelnot
5 years
An export ban on medical equipment is short-sighted. From both economic and humanitarian perspectives.
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@FelixTintelnot
Felix Tintelnot
4 years
A great hire!
@UChi_Economics
UChicago Economics
4 years
Economist Esteban Rossi-Hansberg has been appointed the Glen A. Lloyd Distinguished Service Professor at @UChicago where he will join the faculty of the Kenneth C. Griffin Department of Economics this summer.
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@FelixTintelnot
Felix Tintelnot
21 days
@JDVance points out that after two years, the price of laundry equipment has fallen to its pre-tariff level. @JustinWolfers is right to point out that even over the longer horizon the price of laundry equipment has risen more than the price of other appliances.
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@FelixTintelnot
Felix Tintelnot
3 years
Come join the vibrant trade and spatial economics research community a @UChi_Economics and work as a research professional at @BeckerFriedman with me and @HansbergRossi
@HansbergRossi
Esteban Rossi-Hansberg
3 years
If you are interested in working with me and ⁦ @FelixTintelnot ⁩ for the next two years, please apply. The academic environment at BFI is simply fantastic.
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@FelixTintelnot
Felix Tintelnot
11 months
Nice summary by @TradeDiversion of our latest version of Spatial Economics for Granular Settings (September 2023). See below.
@TradeDiversion
Trade Diversion (Jonathan Dingel)
11 months
🚨 Spatial Economics for Granular Settings (2023) w/ @FelixTintelnot 🚨 🆕 insights for users of quantitative spatial models: - distinguishing exact hat algebra from calibration - introducing convenient data-smoothing procedures - quantifying uncertainty due to idiosyncrasies 🧵
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@FelixTintelnot
Felix Tintelnot
2 years
Congratulations, Ralph! Great news for the WTO.
@econ_uzh
Economics at Zurich
2 years
🎉Congratulations!🎉 Ralph Ossa will be joining the @WTO as Chief Economist as of January 1, 2023. Proud to have an Economist from @UZH_en in this important role and delighted that he will remain affiliated with our Department. All the best, Ralph! #Pioneeringeconomics #WTO
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@FelixTintelnot
Felix Tintelnot
21 days
We found that in prior years, when tariffs were placed on an individual country alone, such as on washers coming from China in 2016, the price effects were muted; companies could just relocate to other export platform countries.
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@FelixTintelnot
Felix Tintelnot
21 days
Two additional points are worth making. First, consider the longer time series of the CPI of laundry equipment. You can see a clear downward trend in laundry equipment prices since late 2012, with laundry equipment prices falling around 5 percent per year.
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@FelixTintelnot
Felix Tintelnot
2 years
Thanks to @davefettig at @BeckerFriedman for producing a short summary of our paper!
@BeckerFriedman
Becker Friedman Institute for Economics
2 years
FINDING: US multinational firms are more likely to import not only from the countries in which they have affiliates, but also from other countries within their affiliates’ region. More by @pol_antras , @evgeni_fadeev , @tfpiasecki , and @felixtintelnot here:
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@FelixTintelnot
Felix Tintelnot
21 days
The Trump campaign proposes a 10 to 20 percent tariffs on all countries exporting goods to the United States.
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@FelixTintelnot
Felix Tintelnot
4 years
Very proud of @DrGonzalezAL . Fascinating work. I look forward to her other coming papers on Saudi Arabia and female employment.
@AEAjournals
AEA Journals
4 years
Forthcoming in the AER: "Misperceived Social Norms: Women Working Outside the Home in Saudi Arabia" by Leonardo Bursztyn, Alessandra L. González, and David Yanagizawa-Drott.
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@FelixTintelnot
Felix Tintelnot
21 days
The BLS price index takes into account quality improvements, which – all else equal—lead to declines in measured price indexes. Quality was indeed improving over this period – such as increases to washer capacity. Tariffs didn't change the fact that washers are getting bigger.
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@FelixTintelnot
Felix Tintelnot
2 years
1. @LeviGCrews JMP: ``A Dynamic Spatial Knowledge Economy"
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@FelixTintelnot
Felix Tintelnot
2 years
3. Younghun Shim JMP: ``From Adoption to Innovation: State-Dependent Technology Policy in Developing Countries"
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@FelixTintelnot
Felix Tintelnot
2 years
Congratulations to @TradeDiversion and @newyorkonomics !
@JIntlEcon
Journal of International Economics
2 years
The 12th paper to win the JIE's Bhagwati Award for International Trade is "The Comparative Advantage of Cities" by Donald Davis @newyorkonomics and Jonathan Dingel @TradeDiversion , which appeared in the JIE in Volume 123.
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@FelixTintelnot
Felix Tintelnot
2 years
What are the effects of foreign multinationals on workers and firms in the U.S.? A compressed and non-technical summary of our @QJEHarvard article with Brad Setzler at @micro_econ
@micro_econ
MicroEconInsights
2 years
New from Bradley Setzler @PennStateEcon & @FelixTintelnot "What happens when foreign firms expand local employment?" A recent study uses U.S. tax records on firms and workers to investigate how the actions of multinational firms affect host locations.
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@FelixTintelnot
Felix Tintelnot
4 years
Wise words by @PennyG_Yale
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@FelixTintelnot
Felix Tintelnot
2 months
Thank you, Jonathan. RIP.
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@FelixTintelnot
Felix Tintelnot
4 years
We analyzed the various forms of restrictions and their effects in
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@FelixTintelnot
Felix Tintelnot
4 years
What a loss...
@S_Stantcheva
Stefanie Stantcheva
4 years
Rest in peace Emmanuel Farhi. A brilliant researcher, an insatiable mind, and a wonderful person & friend. Au revoir, cher ami.
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@FelixTintelnot
Felix Tintelnot
2 years
Not in my pile (because we can't hire them due to conflict-of-interest rules), but very highly recommended are the following three students (in alphabetical order):
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@FelixTintelnot
Felix Tintelnot
4 years
13.Moreover, since our granular framework coincides with the standard model in the limit, it can be used to quantify the role of granularity in economic outcomes and assess the (un)suitability of the continuum approximation.
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@FelixTintelnot
Felix Tintelnot
4 years
1. Most firms use a lot of foreign inputs, but only a small number of firms show that dependence through direct imports.
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@FelixTintelnot
Felix Tintelnot
3 years
7.Every job created by a foreign multinational generates: - 0.5 jobs at local domestic firms - $13,400 in wage gains, two-thirds from indirect effects Lastly, foreign multinationals extract much of the local surplus they generate via job subsidies.
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@FelixTintelnot
Felix Tintelnot
1 year
Looking forward!
@CESifoNetwork
CESifo
1 year
Today and tomorrow: CESifo Area Conference on #Global Economy 2023. We welcome all participants 🤗. Keynote lecturers: @FelixTintelnot and Karen Helene Ulltveit-Moe @UniOslo - scientific organizer: Peter Egger @ETH_en
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@FelixTintelnot
Felix Tintelnot
4 years
5. How much shocks in foreign markets affect the sales of a firm depends on how much the firm ultimately sells to these markets, not whether these sales are from direct or indirect exports.
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@FelixTintelnot
Felix Tintelnot
11 months
@borusyak I go beyond the standard textbook in my trade undergraduate class, especially in the 2nd half of the course. My impression is that students appreciate it.
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@FelixTintelnot
Felix Tintelnot
3 years
6.These indirect effects of foreign multinationals on domestic firms are greater for - domestic firms in the tradable sector - domestic firms with 100+ employees - high-wage workers at domestic firms However, no benefit for low-wage workers.
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@FelixTintelnot
Felix Tintelnot
4 years
See here for the full paper: Let me briefly summarize the paper below.
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@FelixTintelnot
Felix Tintelnot
3 years
Congratulations, @GitaGopinath . Great news for the IMF.
@pol_antras
Pol Antras
3 years
Very sad news for Harvard, but congratulations, @GitaGopinath , and best of luck! We will miss you. 👇👇👇 First Deputy Managing Director Geoffrey Okamoto to Leave IMF, Gita Gopinath to Be IMF’s New First Deputy Managing Director
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@FelixTintelnot
Felix Tintelnot
3 years
4.Indirect effects: we leverage spatial clustering of foreign multinationals by country of origin and country-specific shocks to construct a shift-share instrument. For example, Canadian-owned firms disproportionately cluster along the Northern border.
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@FelixTintelnot
Felix Tintelnot
2 years
They come with very high praise. Please email me directly if I can provide any further information about the candidates.
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@FelixTintelnot
Felix Tintelnot
3 years
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@FelixTintelnot
Felix Tintelnot
3 years
3. It has long been posited that high-skilled workers benefit more from foreign investment. We provide the first systematic evidence in favor of this hypothesis in the U.S. We find the wage premium ranges from 20% for highest-skilled workers to 0% for least-skilled.
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@FelixTintelnot
Felix Tintelnot
3 years
5.A 1 percentage point increase in employment at foreign firms leads to positive effects at domestic firms in the same commuting zone: - 0.96% increase in value added - 0.53% increase in employment - 0.15% increase in wages for continuing workers
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@FelixTintelnot
Felix Tintelnot
2 years
@makro_philip He will be greatly missed. Terrible news.
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@FelixTintelnot
Felix Tintelnot
3 years
8.We thank the editor, Larry Katz, and five referees for their very valuable feedback and suggestions which have greatly improved our paper.
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@FelixTintelnot
Felix Tintelnot
4 years
@imanelici Congratulations! Wonderful news.
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@FelixTintelnot
Felix Tintelnot
2 years
@FedericoHuneeus @BPellegrino_UMD Congrats. Impressive schedule and agenda.
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@FelixTintelnot
Felix Tintelnot
3 years
2.Multinational firms owned in high GDP per capita countries - pay higher premiums to their workers - disproportionately hire skilled workers. For example, firms owned in New Zealand, Norway, Sweden, and the UK pay wages 10% more than domestic firms.
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@FelixTintelnot
Felix Tintelnot
2 years
@johnvanreenen @nberpubs Thanks John. And many thanks for your helpful comments.
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@FelixTintelnot
Felix Tintelnot
3 years
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@FelixTintelnot
Felix Tintelnot
5 years
Latest version is available here:
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@FelixTintelnot
Felix Tintelnot
4 years
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@FelixTintelnot
Felix Tintelnot
4 years
@SMUEconDept @UChi_Economics Thanks for having me. It was great fun.
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@FelixTintelnot
Felix Tintelnot
8 months
If the within firm elasticity of labor substitution across the MNE's plants is smaller than the cross-firm elasticity of demand, complementarity forces dominate.
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@FelixTintelnot
Felix Tintelnot
4 years
7.First, the granular model can generate zeros as outcomes for residence-workplace pairs without assuming infinite commuting costs.
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@FelixTintelnot
Felix Tintelnot
10 months
@a_auclert @Stanford Congrats, Adrien! Well deserved.
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@FelixTintelnot
Felix Tintelnot
4 years
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@FelixTintelnot
Felix Tintelnot
2 years
@borusyak @dix_rafael Very interesting... Congrats and thanks for sharing.
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@FelixTintelnot
Felix Tintelnot
4 years
5.The assumption we make in the theory is that individuals have continuum-case rational expectations about prices. In other words, they take the limit case of the number of individuals going to infinity, for their expectations about prices.
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@FelixTintelnot
Felix Tintelnot
4 years
2.The paper is motivated by the fact that while there is a growing body of fine spatial data, mapping these data to conventional models assuming a continuum of individuals at every location is problematic due to selection and overfitting issues (more on this below).
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@FelixTintelnot
Felix Tintelnot
5 years
@RickEcon @BakerInstitute @RiceUniversity Congratulations, Rick! Thanks so much for the great training you provide to students and the many public goods you create. A big loss for UChicago.
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@FelixTintelnot
Felix Tintelnot
4 years
@tradewartracker Thank you, Mike!
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@FelixTintelnot
Felix Tintelnot
3 years
1. Direct effects: A worker in the US earns about 7 percent more on average when moving from a domestic to a foreign-owned firm. This premium does not arise from the foreignness of the multinationals per se, as domestic-owned multinationals pay a similar wage premium.
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@FelixTintelnot
Felix Tintelnot
5 years
@BachmannRudi Cool! Macht so weiter...
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@FelixTintelnot
Felix Tintelnot
2 years
@instrumenthull Congratulations! Well deserved!
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@FelixTintelnot
Felix Tintelnot
2 years
2/n In the data, import tariffs often are higher on final goods than on intermediate goods. The main explanation has been lobbying by downstream firms. In this paper, we show that there is an efficiency rationale for this phenomenon.
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@FelixTintelnot
Felix Tintelnot
5 years
Would be better to put efforts on banning the export ban of medical equipments.
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@FelixTintelnot
Felix Tintelnot
4 years
We use Belgian VAT data on firm-to-firm transactions combined with firm-level international trade data to study the direct and indirect participation of firms in foreign trade. We find that ...
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@FelixTintelnot
Felix Tintelnot
4 years
3. While directly exporting and importing firms are larger, the non-direct importers or exporters do not have to be large to obtain a lot of inputs from abroad or see most of their sales going to foreign markets.
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@FelixTintelnot
Felix Tintelnot
2 years
@JoeVavra Yes, we waited around 1.5 hours. Fingers crossed.
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Felix Tintelnot
2 years
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@FelixTintelnot
Felix Tintelnot
4 years
@borusyak Important work. Thanks Kirill!
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@FelixTintelnot
Felix Tintelnot
2 years
@evgenii_fadeev @DukeFuqua @HarvardHBS Congratulations, @evgenii_fadeev . Great news for you and Duke!
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@FelixTintelnot
Felix Tintelnot
4 years
@tradewartracker Thank you, Mike!
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@FelixTintelnot
Felix Tintelnot
2 years
@johannesmboehm Congratulations, wonderful news!
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@FelixTintelnot
Felix Tintelnot
3 years
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@FelixTintelnot
Felix Tintelnot
4 years
@IvanWerning Note that these models feature discrete choices of locations, so with finite people the local labor supply curves would be ugly step functions. Our timing assumption makes local labor supply curves vertical in second stage, so it's an easy-to-solve trade model.
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@FelixTintelnot
Felix Tintelnot
9 years
My new @nberpubs working paper with Kerem Cosar, Paul Grieco, and Shengyu Li: http://t.co/IiMNyNx2GJ
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@FelixTintelnot
Felix Tintelnot
4 years
Interesting work by @JohnRGrigsby and co-authors.
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@FelixTintelnot
Felix Tintelnot
4 years
@autoregress Thanks a lot, Peter!
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@FelixTintelnot
Felix Tintelnot
3 years
@cailin_slattery Congratulations!
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@FelixTintelnot
Felix Tintelnot
4 years
@MartaPaczos Thank you!
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@FelixTintelnot
Felix Tintelnot
4 years
6.Though we invoke the law of large numbers to get tractable price beliefs, the continuum and granular model differ in fundamental ways:
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@FelixTintelnot
Felix Tintelnot
4 years
4.1. Do individuals internalize that their own residence and work-place location decisions affect prices? 2. How do individuals form expectations about prices that are influenced by other agents’ decisions?
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@FelixTintelnot
Felix Tintelnot
1 year
@TrebAllen Awesome.
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@FelixTintelnot
Felix Tintelnot
4 years
@IvanWerning Yes - still learning how to express myself in tweets. :-)
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