Have you written a great macro paper? Submit to the CJE. New macro crowd in the editorial board with Joe Steinberg at the helm. #macro #econbluesky
Pau S. Pujolas
@paupujolas.bsky.social
Father, husband, econ prof. Hanlon's razor optimist. I teach on the traditional territories of the Mississauga and Haudenosaunee nations. He/him. pau.pujolasfons.com
If, as the say, "Wars are God's way of teaching Americans geography," it must be the case that "Tariffs are God's way of teaching Americans Economics."
"I thought I was voting for pro-business policies and small, targeted, and incremental tariffs, that would encourage..." How could anyone watch Trump, listen to what he says, and think anything constructive would ensue on the economic policy front?
Sharon 🪳🌹@sharonk.bsky.social · last yr.small and medium enterprise gotterdammerung
We're in the midst of an election, so lots of not-entirely-fleshed-out promises being made. I think we have to wait to see the first budget from the incoming government.
The Toronto Life folks (Ali Amad, in this case) did a great job summarizing how things have been. torontolife.com/city/it-felt...
"It felt like vertigo": The White House used this economist's research to justify tariffs. They couldn't have got it more wrong - Toronto Life
McMaster professor Pau Pujolas shares the story behind a Trump administration reading-comprehension fail
torontolife.com
Our paper with Jack "Trade Wars with Trade Deficits" has made quite the rounds as of late. We put together these notes to help understand the results: drive.google.com/file/d/1cTRr...
IntuitionDeficitWar.pdf
drive.google.com
Our paper with Jack "Trade Wars with Trade Deficits" has made quite the rounds as of late. We put together these notes to help understand the results: drive.google.com/file/d/1cTRr...
IntuitionDeficitWar.pdf
drive.google.com
Yes, the stock market behaves efficiently. Erratic, volatile are not antonyms of efficient. Williamson is spot on, as usual.
Stephen Williamson@1954swilliamson.bsky.social · last yr.1/So, I take "efficient market hypothesis" to be the proposition that there is some model of rational behavior consistent with asset market behavior. What's puzzling? You load the world up with a highly unusual amount of uncertainty, and then force it to respond to a quickly-evolving series...
1/So, I take "efficient market hypothesis" to be the proposition that there is some model of rational behavior consistent with asset market behavior. What's puzzling? You load the world up with a highly unusual amount of uncertainty, and then force it to respond to a quickly-evolving series...
Binyamin Appelbaum@bcappelbaum.bsky.social · last yr.I would really enjoy hearing a proponent of the efficient market hypothesis explain the last two days of stock market activity.
I am happy the Globe and Mail published this piece.
The Globe and Mail@theglobeandmail.com · last yr.
Trump Administration has cited this paper by Pujolas & Rossbach as justifying recent Trump tariffs. It does not. Nor does it justify 2018 Trump tariffs on China: "We find that both the United States and China experienced welfare losses from their recent trade war." papers.ssrn.com/sol3/papers....
Trade Wars with Trade Deficits
<div> Trade imbalances significantly alter the welfare implications of tariffs. Using an illustrative <span>model, we show that trade deficits enhance a c
papers.ssrn.com
Worried about Smoot-Hawley repeating? You should be *even more* worried now. onlinelibrary.wiley.com/doi/full/10....
THE COST OF TRADE DISRUPTIONS AT DIFFERENT STAGES OF DEVELOPMENT
We study trade disruptions at different stages of development in a two-country, three-sector model of Spain and United Kingdom from 1850 to 2000. The impact of trade disruptions depends on trade open....
onlinelibrary.wiley.com
Advertencia importante de @paupujolas.bsky.social : los países pequeños siempre pierden en guerras comerciales. Razón de más para mantener filas prietas en la UE.
Nada es Gratis@nadaesgratis.bsky.social · last yr.El juego del arancel: una historieta con cinco alarmas nadaesgratis.es/admin/el-jue... Vía @nadaesgratis.bsky.social #Economía
Ya lo dijimos en este artículo nadaesgratis.es/admin/guerra... De cara al futuro, los responsables de la formulación de políticas comerciales, deben comprender que los desequilibrios comerciales bilaterales cambian la manera de pensar en guerras comerciales... 1/3
Guerras y Déficits en Comercio Internacional
Por Pau S. Pujolas y Jack Rossbach El 2 de marzo de 2018, el presidente de Estados Unidos, Donald J. Trump, tuiteó: "Cuando un país (EE. UU.) está perdiendo muchos miles de millones de dólares en c...
nadaesgratis.es
A great idea from my friend David Feeny and his wife Darrell Tomkins. Help a first-generation student by donating! dailynews.mcmaster.ca/articles/why...
Why McMaster Donors Give: Darrell Tomkins and David Feeny
When David Feeny and Darrell Tomkins met at McMaster in 1976, they never imagined that their shared love for academia would lead to not only . . .
dailynews.mcmaster.ca
www.cbc.ca/news/canada/... Because "retaliating" is a misleasing word.
Some countries aren't retaliating against Trump's tariffs. Should Canada 'turn the other cheek'? | CBC News
Faced with tariffs imposed by U.S. President Donald Trump, some countries have decided, so far, to respond by turning the other cheek, and not retaliate with their own duties.
cbc.ca
One of my companies informed me they cancelled a $2m conference in Florida. Why ? They didn’t feel they could pass on the incremental cost of tariffs. So they are cutting expenses. That’s a city that lost a ton of tourism revenue. The cost of tariffs isn’t just the cost of the tariff
Let's have a second to think of all those Old Folks in Trumpland that voted for the Very Stable Genius and are now panicking when they look at their 401k. Vote for the Qualified, Dark-Skinned Female next time, ey? (If there is a next time)
"I've seen photographs..." What a clown.
Aaron Rupar@atrupar.com · 2y agoKevin Hassett suggests Canadian authorities are covering up major fentanyl operations: "I can tell you that in the situation room I've seen photographs of fentanyl labs in Canada that the law enforcement folks were leaving alone. Canada's got a big drug problem."
Trudeau: "He talked about banking again today in a tweet, which doesn't make any sense because 16 banks are currently active in Canada holding about $113b worth of assets in this country... what he wants is to see a total collapse of the Canadian economy, because that'll make it easier to annex us."
Guys, a trade collapse today vs the 1930s. We already know the (ugly) answer: onlinelibrary.wiley.com/doi/full/10....
THE COST OF TRADE DISRUPTIONS AT DIFFERENT STAGES OF DEVELOPMENT
We study trade disruptions at different stages of development in a two-country, three-sector model of Spain and United Kingdom from 1850 to 2000. The impact of trade disruptions depends on trade open...
onlinelibrary.wiley.com
Young economics researchers--especially PhD students in Europe preparing for next year's job market--should apply for the Workshop on Dynamic Macroeconomics in Vigo, Spain, 8-10 July 2025. Submission deadline is 10 April. workshop.webs.uvigo.es/index.html
Workshop on Dynamic Macroeconomics
workshop.webs.uvigo.es
Here in Canada, for some reason, banks are regulated federally but most other financial services are regulated provincially (insurance, securities etc). Another example of #InterProvincialTradeBarriers in #Canada #EnoughIsEnough!!! #CanadianizeCanada!!! 🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦🇨🇦
People calling for the US govt to be run off tariff revenue alone lack ambition. Real tough guys would do it off USPS revenue.
If we’re renaming bodies of water based on petty grievances, I propose that this be renamed the Kendrick Lamar passage.
[Corrected] Pallas Data: Federal voting intentions with Mark Carney as LPC leader: 🔴LPC 39% 🔵CPC 38% 🟠NDP 9% ⚜️BQ 7% 🟣PPC 4% 🟢GPC 3% [Pallas Data, February 6, 2025, n=1,241] #canpoli
