Douglas Irwin

@D_A_Irwin

Trade economist , ,

Hanover, NH
sites.dartmouth.edu/dirwin/
Vrijeme pridruživanja: ožujak 2016.
91 fotografija ili videozapis Fotografije i videozapisi

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  1. Prikvačeni tweet
    25. lis 2019.

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

    6 replies 27 proslijeđenih tweetova 96 korisnika označava da im se sviđa
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  2. 1. velj

    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!

    5 replies 71 proslijeđeni tweet 199 korisnika označava da im se sviđa
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  3. proslijedio/la je Tweet
    27. sij

    So, I’m reading fantastic (and long) book - - a history of US policy, and found an unrelated mantra that really liked and wanted to share: “structure and purpose”. That’s a recipe for sound action.

    1 reply 3 proslijeđena tweeta 14 korisnika označava da im se sviđa
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  4. 26. sij

    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! 🎂🥮🍰

    Tariffs haven’t worked. So add more tariffs?
    9 replies 65 proslijeđenih tweetova 193 korisnika označavaju da im se sviđa
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  5. proslijedio/la je Tweet
    23. sij

    The lively and comprehensive story of US trade policy since before the Revolution—now available in high-quality paperback! Time for a re-read.

    11 proslijeđenih tweetova 37 korisnika označava da im se sviđa
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  6. 17. sij

    This purchasing (not trade) agreement is a big US step back from multilateral system. Even in 1980s, USTR was adamant that the opening of Japan using quantity indicators was an opening for all suppliers not US exclusively

    The phase one trade deal with China means price signals are out and quantitative commitments are in.
    42 proslijeđena tweeta 50 korisnika označava da im se sviđa
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  7. 9. sij

    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

    38 replies 427 proslijeđenih tweetova 1.650 korisnika označava da im se sviđa
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  8. 8. sij

    When I taught trade in 2017, who took my class? None other than former head of ! Now's he's written a terrific book on trade that received a great review in today's - congratulations Fred! via

    5 proslijeđenih tweetova 40 korisnika označava da im se sviđa
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  9. 8. sij

    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

    19 replies 233 proslijeđena tweeta 550 korisnika označava da im se sviđa
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  10. 7. sij

    As the great Rudi Dornbusch used to say: "whenever someone has discretion, someone else will pay them to exercise it."

    A must read. How Trump’s Trade War Is Making the Swamp swampier and small business success harder. Discretionary tariffs breed corruption.
    1 reply 8 proslijeđenih tweetova 52 korisnika označavaju da im se sviđa
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  11. 1. sij

    A great essay . . . one of the best out there and still worth reading.

    _ On of my Dad’s great writings.
    1 reply 8 proslijeđenih tweetova 49 korisnika označava da im se sviđa
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  12. 30. pro 2019.

    and of course 1937-38 recession attributed entirely to fiscal policy . . . when there is this and other work (3/3)

    1 reply 11 korisnika označava da im se sviđa
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  13. 30. pro 2019.

    attributed to stock market speculation and income inequality . . . no mention of monetary policy or gold standard . . . no sense of Friedman & Schwartz, Eichengreen, Temin, Romer, Bernanke, like high school textbooks (see this article

    1 reply 3 proslijeđena tweeta 11 korisnika označava da im se sviđa
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  14. 30. pro 2019.

    Holiday travels took me through Hyde Park NY, where we paid a visit to ... most enjoyable and great exhibits BUT - on the Great Depression (1/3)

    2 proslijeđena tweeta 35 korisnika označava da im se sviđa
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  15. 26. pro 2019.

    Congrats to my colleague whose work is featured here!

    My big picture takeaways here are (a) evidence reviews, and new methods of reviewing evidence, should be higher status and (b) social scientists should read more moral/political (and other!) philosophy
    2 proslijeđena tweeta 17 korisnika označava da im se sviđa
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  16. proslijedio/la je Tweet
    20. pro 2019.

    Interesting historical context for vote from , whose book Clashing Over Commerce is a must read account of US trade politics over the centuries.

    Back to bipartisan trade voting with USMCA? Too soon to say, but today's House vote looks more like those from the 1970s & 80s
    2 proslijeđena tweeta 4 korisnika označavaju da im se sviđa
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  17. 19. pro 2019.

    Back to bipartisan trade voting with USMCA? Too soon to say, but today's House vote looks more like those from the 1970s & 80s

    1 reply 24 proslijeđena tweeta 33 korisnika označavaju da im se sviđa
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  18. 19. pro 2019.

    Meanwhile in Chile . . .

    1 proslijeđeni tweet 2 korisnika označavaju da im se sviđa
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  19. 19. pro 2019.

    Woes of Latin America: "the Pink Tide leaders had two fatal flaws: a love of power that led to growing authoritarianism and corruption, and a lack of ideas for how to generate economic growth without relying on a resource boom or borrowing." via

    1 reply 9 proslijeđenih tweetova 11 korisnika označava da im se sviđa
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  20. 18. pro 2019.

    For some of the history of VIEs see

    1 proslijeđeni tweet 6 korisnika označava da im se sviđa
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  21. 18. pro 2019.

    VIEs - "voluntary import expansions" (the import counterpart to VERs, i.e. managed trade that fixes quantities or market shares) may be back in play with China . . . but I suspect China will resist this just as Japan did in the 80s

    Past trade deals were known for breaking down economic barriers. Mr. Trump's new deals may be remembered for the ones they leave in place
    9 proslijeđenih tweetova 16 korisnika označava da im se sviđa
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