David Weinstein retweeted
New CEPR Discussion Paper - DP21166
Why Do Firms Pay Different Interest Rates on Their Bank Loans?
Mary Amiti @NewYorkFed, Anil Kashyap @ChicagoBooth, Anna Kovner @RichmondFed, David Weinstein @deweinstein @columbia_econ @Columbia
ow.ly/okRV50YgWPf
#CEPR_MEF #CEPR_MG #CEPR_BCF #EconTwitter
David Weinstein retweeted
Borrower search-cost frictions explain why most of the dispersion in loan interest-rate spreads is driven not by differences between risk categories but by differences within them, from Mary Amiti, Anil K Kashyap, Anna Kovner, and @deweinstein nber.org/papers/w34870
David Weinstein retweeted
Who Is Paying for the 2025 U.S. Tariffs?
Liberty Street Economics
12FEB2026
Mary Amiti, Chris Flanagan, Sebastian Heise, & David E. Weinstein
libertystreeteconomics.newyo…
Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 to 13 percent.
In this blog post, we ask how much of the tariffs were paid by the U.S., using import data through November 2025.
We find that nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers.
David Weinstein retweeted
"natural experiment in Japan in which military casualties and urban destruction varied exogenously, but differentially, across cities. … military deaths induce future pro-military voting, while urban destruction induces pacifist voting." nber.org/papers/w33842?utm_c…
David Weinstein retweeted
New CEPR Discussion Paper - DP20264
Martyrs, Morale, and Militarism: The Political Impact of Devastation and Slaughter
Shizuka Inoue & @deweinstein @columbia_econ, Atsushi Yamagishi @Hitotsubashi_U @UTokyo_News_en
ow.ly/xbbE50VVstJ
#CEPR_EH #CEPR_ITRE #CEPR_PoE #EconTwitter
There is a fun video in Japanese (youtube.com/watch?v=pG9mwk6S…) that just came out explaining the main points of a recently released paper with Reka (@juhreka13) and Shogo on the globalization of the Industrial Revolution (nber.org/papers/w32667)
David Weinstein retweeted
Happy to see our WP w Shogo Sakabe and @deweinstein (so many years in the making!) out. We examine the role of codifying knowledge in the spread of the Industrial Revolution. A little thread. 1/N
Japan’s massive public investments in codifying technical knowledge explain why it was unique among non-Western countries in industrializing in the 19th and early 20th centuries, from @juhreka13, Shogo Sakabe, and @deweinstein nber.org/papers/w32667
David Weinstein retweeted
Ronald E. Findlay (1935-2021), A Memorial on Zoom with friends, family, colleagues, and co-authors. Monday January 31, 2022, 10 am – noon EST.
Ragnar Nurkse Professor Emeritus of Economics, Columbia University. Specialist in intl. trade, economic history, and econ development.
There's a quiet functionality in Japan that people often miss. For example, Japan's COVID death rate is 6-10 percent that of Europe and the US; the long-run growth rate of GDP per work hour is comparable; and unemployment (and crime) rates are low. economist.com/special-report…
David Weinstein retweeted
Good advice for grad students (and all researchers):
link.medium.com/2ZE7lGNQIlb
I'm looking to hire a research assistant ("Staff Associate") for a two-year position doing lots of interesting work. People use the position as a stepping stone to econ PhD programs. If that's your dream, apply! apply.interfolio.com/94547
This is very nice piece explaining why the Israeli data does not show declining vaccine efficacy after controlling for age and vaccination rates. covid-datascience.com/post/i…
David Weinstein retweeted
This graphical abstract is a nice way of summarizing a paper in a Twitter-friendly fashion.
New: "Bias and consistency in three-way gravity models" by Martin Weidner (@OxfordEconDept), @TomZylkin (@urichmond). Are you running gravity regressions using the Poisson PML estimator in a panel setting? Take a look. doi.org/10.1016/j.jinteco.20… 1/4
I was very sorry to hear about the passing of Peter Neary. He was a gentleman and a scholar. Witty and brilliant. I will remember fondly our many dinners together.
The NBER Japan Project Meeting is scheduled for December 16-17, 2021 in Tokyo. If you have a paper on Japan, please submit it by July 8 here: conference.nber.org/confsubm…
Here's a great opportunity for international economists (especially junior ones) to get back on the conference circuit:
sites.google.com/site/alecun…
David Weinstein retweeted
Geography trivia: Japan is farther east, west, north and south than Korea. Source: buff.ly/3w1DvOL
We show how to use stock-market event studies to evaluate the welfare impacts of policies. Markets expect the US-China trade war to have a much bigger impact on US welfare than standard models suggest
New CEPR Discussion Paper - DP16093
Trade Protection, Stock-Market Returns, and Welfare
Mary Amiti @NewYorkFed, Sang Hoon Kong @columbia_econ @Columbia, David Weinstein @deweinstein @columbia_econ @Columbia
ow.ly/ol9r50EEax8
#CEPR_ITRE
