Hannes Malmberg
@hmalmberg.bsky.social
Assistant Professor in Economics, University of Minnesota. Development economics, macroeconomics, and a weekly rabbit hole.
What are the long-run consequences of trade wars on real wages and consumption? In a new note, David Baqaee
and I show that capital adjustment matters a lot. Trade barriers raise the cost of investment goods, capital stocks shrink, and so do consumption and wages.
and I show that capital adjustment matters a lot. Trade barriers raise the cost of investment goods, capital stocks shrink, and so do consumption and wages.
April 10, 2025 at 7:41 PM
What are the long-run consequences of trade wars on real wages and consumption? In a new note, David Baqaee
and I show that capital adjustment matters a lot. Trade barriers raise the cost of investment goods, capital stocks shrink, and so do consumption and wages.
and I show that capital adjustment matters a lot. Trade barriers raise the cost of investment goods, capital stocks shrink, and so do consumption and wages.
I interrogated o1 to help me understand the dissent. Pushing it a bit, it granted that the government's behavior is extreme, but asking about this post of yours, I got the following. Is that incorrect?
March 5, 2025 at 6:51 PM
I interrogated o1 to help me understand the dissent. Pushing it a bit, it granted that the government's behavior is extreme, but asking about this post of yours, I got the following. Is that incorrect?