US tariffs are taxes on Americans. They are not "external revenue", they are not taxes "on other countries". They are taxes on every American who buys anything with any ingredient made overseas—that is, all of us. Every dollar of wine tariffs is paid by US consumers—> www.nber.org/202603/diges...

Who pays for tariffs? It’s a simple question that’s surprisingly tough to answer. We often see only a rough aggregate measure of prices at the border or the retail price, missing many steps in the chain. We tackle this in a new paper w Aaron Flaaen, Ali Hortacsu, Felix Tintelnot and Daniel Xu

📢New @nber.org WP with @ayllonsara.bsky.social, Lars Lefgren, @richpatterson.bsky.social & Nicolas Urdaneta! We would love any feedback if you have a chance to take a look. Full paper here: nber.org/papers/w33911

Business Size, Development, and Inequality in Latin America: A Tale of One Tail My latest work with ⁦Marcela Eslava, Marcela Meléndez, and Laura Tenjo⁦⁩ is out as a WB Working Paper. documents.worldbank.org/en/publicati...

Business Size, Development, and Inequality in Latin America : A Tale of One Tail

Using official employment surveys for 45 advanced economies and Latin American countries, this paper shows that the positive cross-country correlation between business .

documents.worldbank.org