PhD(c) in Economics @EconUCL 🎓 || International Trade Economist 📈 || From Chile, in the UK 🇨🇱 🇬🇧
United States
Joined November 2018
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Excited to share my #JMP 🧵
❓ What are the welfare costs of trade impediments during trade wars?
✅ JMP shows that these can be twice as high as those previously estimated in the literature on the US-China trade war
🌐: cristianespinosa.com/
#EconTwitter #EconJobMarket
Cristian Espinosa retweeted
Quite relevant to this discussion is the work by @cespinosad which I discuss here a bit in context of work with Carlo Schwarz in 2018/2019. In this context specifically I raise the possibility of this accelerating dedollarisation nitter.cf/fetzert/status/1862788…
Cristian Espinosa retweeted
At XXVI Workshop in Vigo, Spain in July, Cristian @cespinosad gave great presentation of this paper. He argues there are large selection biases in estimation of trade elasticities of goods targeted in trade wars. Controlling for biases, he finds trade wars have much higher costs.
Excited to share my #JMP 🧵
❓ What are the welfare costs of trade impediments during trade wars?
✅ JMP shows that these can be twice as high as those previously estimated in the literature on the US-China trade war
🌐: cristianespinosa.com/
#EconTwitter #EconJobMarket
Yesterday I presented my JMP at the CRC Seminar series at @EconUniMannheim . It was an amazing experience and I received valuable feedback from the faculty!! Thank you 🙏 🙏
Cristian Espinosa retweeted
A well-timed JMP on a political economy model of tariffs, coupled with estimation of trade elasticities using granular data on US-Canada "trade war". Cristian argues that welfare effects of tariffs might be larger than implied by the current literature 👇
Excited to share my #JMP 🧵
❓ What are the welfare costs of trade impediments during trade wars?
✅ JMP shows that these can be twice as high as those previously estimated in the literature on the US-China trade war
🌐: cristianespinosa.com/
#EconTwitter #EconJobMarket
Cristian Espinosa retweeted
My student Cristian is on the market this year w. super interesting and topical paper on trade wars & welfare costs of trade impediments. Punchline: Discretionary tariffs are targeted, this needs to be accounted for when estimating trade elasticities => higher welfare costs.
Excited to share my #JMP 🧵
❓ What are the welfare costs of trade impediments during trade wars?
✅ JMP shows that these can be twice as high as those previously estimated in the literature on the US-China trade war
🌐: cristianespinosa.com/
#EconTwitter #EconJobMarket
12/n
Using Trump tariffs in the US and the results estimated in this paper, the average demand elasticity lies between 2.5 and 5.2. This implies that average welfare losses in the US could double, potentially reaching $22 billion.
n/n
Thanks a lot for reading!
You can find the paper here: cristianespinosa.com/uploads…
For more information about me, visit my website: cristianespinosa.com/
Cristian Espinosa retweeted
Should we worry about impact of looming trade war? Cristian's JMP says "yes." He develops polit. econ. model: Predicts selection of goods subj. to tariffs during trade wars. Using its predictions, he estimates trade elasticities, finds high welfare costs.
cristianespinosa.com/
