Tessera
Folgen

Felix Montag

@fmontag.bsky.social

IO Economist working on competition, trade, taxes | Assistant Prof @NYUSternEcon | Affil Fellow @StiglerCenter https://www.felixmontag.com

84 Posts986 Follower495 Folgt
Felix Montag@fmontag.bsky.social · 2mo ago

Bottom line: 👉Imports are a weaker check on mergers than they look 👉 Might want behavioral remedies on post-merger AD/CVD petitions For ProMarket, I wrote about the implications this should have for the EU Commission's Merger Guidelines: promarket.org/2026/06/11/t... 8/8

The Merger Guidelines Overlook Trade-Policy Incentives in a Globalized World - ProMarket

The European Union’s draft Merger Guidelines consider import competition from foreign rivals to be a powerful competitive constraint on domestic producers, thus easing clearance for mergers between th...

promarket.org

AEA Journals@aeajournals.bsky.social · 5mo ago

Forthcoming in the AER: "Mergers, Foreign Competition, and Jobs: Evidence from the U.S. Appliance Industry" by Felix Montag.

Mergers, Foreign Competition, and Jobs: Evidence from the U.S. Appliance Industry

(Forthcoming Article) - Policy choices often create trade-offs between workers and consumers. I examine how foreign competition alters the consumer welfare and domestic employment effects of mergers. I construct a model incorporating consumer demand, endogenous product portfolios, and employment decisions. Applying the model to Whirlpool’s acquisition of Maytag in the appliance industry, I compare the observed merger to a counterfactual acquisition by a foreign buyer. Although Whirlpool’s acquisition decreased consumer welfare by $271 million annually, it preserved 797 domestic jobs. These jobs must therefore be valued at more than $345,000 per year for the domestic employment benefits to offset the consumer harm.

aeaweb.org

Nick Timiraos@nicktimiraos.bsky.social · 5mo ago

In his remarks, John Williams cited the research from NY Fed economists that led Kevin Hassett to call for the researchers to be "disciplined." Williams told reporters afterward that the research was "incredibly well done" and "incredibly important."

BildBild
Nick Timiraos@nicktimiraos.bsky.social · 5mo ago

NY Fed President John Williams with a speech that marks to market his outlook, one that has few changes from recent commentary out of Fed leadership: Labor market has shown “promising signs of stabilization.” Despite a “lack of headway” on inflation, there are “some encouraging trends” including

Tymofiy Mylovanov@mylovanov.bsky.social · 11mo ago

I knew Daria. Students like her are the reason I came back to Ukraine, the reason I am building a university. She embodied the Ukraine I imagine — because Ukraine is its people. People like Daria. 1/

Bild
Catherine Rampell@crampell.bsky.social · last yr.

Trump just announced new 50% tariffs on household appliances like dishwashers, washing machines, refrigerators. Hope no one out there was in the middle of a remodel, or had a stove recently conk out www.reuters.com/world/us/hom...

Home appliances swept up in expansion of Trump steel tariffs

A range of imported household appliances including dishwashers, washing machines, refrigerators and more will be subject to President Donald Trump's expanded steel tariffs starting later this month, according to a notice posted on Thursday.

reuters.com

Joey Politano🏳️‍🌈@josephpolitano.bsky.social · last yr.

Oh Jesus, they're looking to kill a bunch of census data collection. Talk about penny-wise pound-foolish behavior that's going to make it harder to actually understand America and do basic policymaking/ research work. They're setting the seed corn on fire for fun.

"Besides the Census itself, the @USCensusBureau performs 102 additional surveys costing $2.2 billion, many of them obsolete with the results not being used to drive any action nor even looked at. The Census Bureau and DOGE are reviewing them one-by-one. So far, 5 wasteful surveys, totaling 493 pages of questions and $16.5M in costs, have been terminated, with questions like: - “In your entire life, have you had at least 12 drinks of any kind of alcohol, not counting small tastes or sips?” - “Was this MOSTLY regular wine, wine coolers, or fortified wine?” - “How frequently do you use the internet in your home?”
@undercoverhist.bsky.social · last yr.

"We ask that we not be considered, explicitely or by implication, as members of the 'Chicago School' of economics. Indeed, economics at Chicago has included many things quite different from the particular views now associated with the 'Chicago School'" Arrow, Klein, Koopmans and Simon to NYT, 1982

Bild
Catherine Rampell@crampell.bsky.social · last yr.

This is driving me crazy too. Not long ago 10% universal tariffs were considered the worst-case scenario, something even Trump wasn’t crazy enough to impose. Now have those PLUS 125% tariffs on China. Together, these raise raise inflation by about as much as original “Liberation Day” tariffs did!

Prof Christina Pagel@chrischirp.bsky.social · last yr.

why is *every* newspaper/programme running with the headline "tariffs are paused" when they haven't been. What's happened is that every country (except China) gets a flat rate of 10% for 90 days.

Stefanie Stantcheva@s-stantcheva.bsky.social · last yr.

Regarding trade -- our research shows that only 25% of Americans *disagree with the idea that international trade is zero-sum* — that if one country gains, another must lose. Most people either believe it is zero-sum or aren’t sure. socialeconomicslab.org/research/wor...

Zero-Sum Thinking and the Roots of U.S. Political Differences - Social Economics Lab

We investigate the origins and implications of zero-sum thinking -- the belief that gains for one individual or group tend to come at the cost of others. Using a new survey of a representative sample ...

socialeconomicslab.org

derek guy@dieworkwear.bsky.social · last yr.

It's easy to say "well then just stop cheap imports." But I don't think Americans are returning back to those prices. In early 1960s, US households spent 12% of their income on apparel (or $4,157 in today's dollars). In 2016, it was 4% (or $1,803). And that's with larger wardrobes!

A 1960s photo of a woman's wardrobe. A handful of dresses hang on a rail. A stylized graphic showing a pile of clothes. There are words like "massive haul," "haul," and "$1k later," referencing TikTok haul videos, where people show off their shopping sprees.