"Making America great again? The economic impacts of Liberation Day tariffs" - publication by Anna Ignatenko (@nhhecon.bsky.social and @nhhnor.bsky.social), @lashkaripour.bsky.social, Luca Macedoni and @simonovska.bsky.social in @jintlecon.bsky.social: www.sciencedirect.com/science/arti...

Making America great again? The economic impacts of Liberation Day tariffs

On April 2, 2025, President Trump declared “Liberation Day,” announcing broad tariffs to reduce trade deficits and revive U.S. industry. We analyze th…

sciencedirect.com

Trade barriers appear to hurt consumers a little or a lot, depending on economic model & parameters. Our economist Mike Waugh & @simonovska.bsky.social use actual bilateral price data to pin down the welfare effect of int'l trade. https://bit.ly/3LWi2nC

New research: Models w/ richer micro-foundations imply as much as 50% more harm from trade barriers. Our economist Mike Waugh & @simonovska.bsky.social subject canonical trade models to actual price data to pin down welfare FX of trade. https://bit.ly/3LWi2nC

Very nice coverage on our research agenda that estimates trade elasticities and examines the implications for the measurement of the welfare gains from trade.

Minneapolis Fed@minneapolisfed.bsky.social · 8mo ago

How harmful are #tariffs to welfare? The answer hinges on a key parameter: trade elasticity. Michael Waugh and @simonovska.bsky.social run canonical trade models on actual price data and find richer micro-foundations imply more harm from trade barriers. https://bit.ly/3LWi2nC #EconSky

Take a look at our Econ PhD job market candidates!

@UCDavisEcon@ucdavisecon.bsky.social · 9mo ago

📣 The UC Davis Economics Department is thrilled to announce our 2025-2026 Economics Job Market Candidates! Learn more about their research below ⬇️

Trade Models, Trade Elasticities, and the Gains from Trade A staff report by Ina Simonovska (@simonovska.bsky.social) and Michael E. Waugh is available on our website: bit.ly/46fxgKS #econsky

Trade Models, Trade Elasticities, and the Gains from Trade | Federal Reserve Bank of Minneapolis

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​U of M Economics PhD alumna Ina Simonovska is featured in Yahoo Finance, expressing concerns over the White House's use of her research to justify new tariffs. ​ finance.yahoo.com/news/the-whi...

The Economics Program and Scholl Chair for International Business @philuck.bsky.social‬ and @simonovska.bsky.social‬ unpack Trump’s evolving trade strategy following the latest EU deal: uniform tariffs, higher tariffs on strategic sectors, and investment commitments. Read here: shorturl.at/F2uFf

Trump’s Trade Strategy Takes Shape with Latest EU Trade Deal

A new commentary from the CSIS Economics Program and the Scholl Chair in International Business offers an economic analysis of the impact of tariffs and presents recommendations for policymakers to mi...

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New Paper Alert!📢 "Making America Great Again? The Economic Impacts of Liberation Day Tariffs"👨‍🦰 by Anna Ignatenko @lashkaripour.bsky.social‬ Luca Macedoni @simonovska.bsky.social‬ This model estimates U.S. welfare and global employment under optimal tariff retaliation📉: www.ifo.de/en/cesifo/pu...

Retaliation hurts! Check out our new paper to see how costly it can be for the U.S. economy.

Ahmad Lashkaripour@lashkaripour.bsky.social · last yr.

🚨 We just released a paper examining the long-terms economic impacts of "Liberation Day" tariffs. In summary: while these tariffs may help reduce the trade deficit, they will impose significant costs on the U.S. economy after retaliation by trade partners.