Peter Morrow
@petermorrow.bsky.social
Professor of Economics, University of Toronto; Alum, Michigan Econ; Ex Boston Fed RA. https://sites.google.com/view/petermmorrow/home
Great interview with Steve Verheul with interesting detail on USMCA negotiations, and this important observation on what's coming in the "review": www.theglobeandmail.com/business/rob...
AI always calling your ideas “fantastic” can feel inauthentic, but what are sycophancy’s deeper harms? We find that in the common use case of seeking AI advice on interpersonal situations—specifically conflicts—sycophancy makes people feel more right & less willing to apologize.
Congratulations @amer5.bsky.social! Last month the PhD candidate won the @cleforum.bsky.social Best Paper Prize. newsletter.economics.utoronto.ca/abdelrahman-...
Two thoughtful essays about the impact of LLMs on graduate education: ergosphere.blog/posts/the-ma... economics.mit.edu/sites/defaul... From personal experience I think the self-control problem mentioned in the first essay is very real.
The machines are fine. I'm worried about us.
On AI agents, grunt work, and the part of science that isn't replaceable.
ergosphere.blog
i might end up posting this 17 times today but if you only read one piece on the anniversary of Trump's Liberation Day Tariffs let it be this one, by @alanbeattie.bsky.social
Trump’s protectionist Nixon redux takes a darker turn than the original
Tricky Dick’s trade and currency war gave way to a pivot towards the multilateral
ft.com
It’s disconcerting that reporters and Canadians are being forced to guess what Canada’s USMCA strategy actually is rather than getting a clear picture from the Carney government, even on background. Also not sure how all this fits with Carney’s much-touted closer relations with Mexico.
Canada and Mexico on different paths heading into USMCA crunch time
With the formal review date for the trade pact looming, Canada appears to be largely on the sidelines while Mexico is engaged in ‘technical discussions’
theglobeandmail.com
Fed's Powell with a quote that covers a lot of territory right now: "Confidence is what you feel before you really understand the problem."
The value of the WTO: An economics viewpoint in six instalments
WTO Blog | The value of the WTO: An economics viewpoint in six instalments
Why do economies negotiate trade agreements? If unilateral free trade can benefit an economy, why do governments devote so much effort to negotiating reciprocal tariff reductions and detailed trade rules with their partners? The answer lies in a fundamental feature of trade policy: when governments act independently, their policies affect not only their own economies but also the economies of others.
dlvr.it
🚨 New paper 🚨 #TradePolicy Elsewhere in North America: How U.S. Tariffs on China Boosted Mexico's Manufacturing Employment and Output Did U.S. tariffs on China Make America Great Again? www.ifo.de/cesifo/Agz @cesifo.org
Last term I tried an experiment: I walked into my Tech and Design Ethics class, admitted that I had *no idea* what to do about ChatGPT - so I would let them figure it out. As in: their first project was to decide and write the ChatGPT policy for the class. Here's what happened:
Hey junior scholars in Canada (or Canadians abroad) doing labour econ research, submit your paper for the @cleforum.bsky.social Best Young Researcher Paper Prize. Deadline is Jan 15, 2026: Details, including submission portal: clef.uwaterloo.ca/prize/
Best Paper Prize – Canadian Labour Economics Forum (CLEF)
clef.uwaterloo.ca
Please spread the word: we're hiring a Globalization Pre-doctoral Fellow to work with me on research, take classes, and participate in the vibrant Dartmouth trade community. Great for those interested in getting a Ph.D. Apply here: apply.interfolio.com/177589 @dartmouthecon.bsky.social
Apply - Interfolio {{$ctrl.$state.data.pageTitle}} - Apply - Interfolio
apply.interfolio.com
@ckhead.bsky.social & @thierry-mayer.bsky.social argue that the recent estimate of an equivalent 45% tariff in intra-EU costs is likely too high & vastly overstates the barriers which could be lowered due to Commission policy decisions. cepr.org/voxeu/column... #EconSky
New WP! Paul Novosad wrote a great thread about our paper on X: x.com/paulnovosad/... This is joint work with Jesse Silbert (Princeton), who is on the academic job market this year. Jesse is fantastic, go check him out: jesse-silbert.github.io Full paper: jesse-silbert.github.io/website/silb...
Andrei Sulzenko a principal negotiator of the original Canada-U.S. free trade agreement, argues that now is the time to rag the puck on trade relations with the US. I agree
Carney made the right move in seeking sectoral trade deal. Can he make another? The latest from the Globe's business commentary, by Andrei Sulzenko:
Attention IO job market candidates: Sometimes speakers in the CMA's external economics seminar series have to cancel at relatively short notice. We would love for these slots to go to JMCs to present their job market paper. Drop me a message if you are interested or share with those who might be.
I was working an entire essay on this very notion this summer and this is reminding me I should pick it back up. TL;DR - every price is someone else's income and whether prices going down on something is "good" depends a whole lot on what you do for a living.
ANDREESSEN: Even if AI ends up destroying all the jobs, “the result would be hyper-deflation of prices, which is the thing that people miss. .. Things that today cost a lot of money will all of a sudden be cheap or free.” @fortune.com fortune.com/2025/10/08/b...
For months, we had heard officials refer to the investment pledges. Now published, in draft form at least, by Japan’s Cabinet Secretariat, the MOU is our first opportunity to understand the architecture for foreign investments in the US. I try to answer some questions @worldtradelaw.bsky.social
Have the Japanese turned investment lemons into investment project lemonade?
Last week, the governments of the United States and Japan completed a Memorandum of Understanding (MOU) to flesh out the details of a $550 billion pledge to invest in the United States made as part of...
ielp.worldtradelaw.net
We (development econ faculty at Princeton) are hiring predocs, to start in summer 2026. Please share the application with folks who might be interested: rpde.princeton.edu/rpde-%E2%80%93-predoctoral-fellows-research-specialists-start-summer-2026 We'll review apps starting on 9/15. Thanks!
I'm hiring a predoc to work w/ me on empirical IO/applied micro projects starting in Fall '26! Details below and instructions here: shoshanavasserman.com/call_for_pre... International students (who need J1) are welcome & non-econ bgs are fine given interest + curiosity. Please apply :)
Forthcoming in the AER: "Labor Market Power, Self-Employment, and Development" by Francesco Amodio, Pamela Medina, and Monica Morlacco. www.aeaweb.org/articles?id=...
Labor Market Power, Self-Employment, and Development
(Forthcoming Article) - This paper shows that self-employment shapes labor market power in low-income countries, with implications for industrial devel- opment. Using Peruvian data, we find that wage-...
aeaweb.org