One day of the NBER’s International Finance and Macroeconomics program in Cambridge: global firms and capital wedges, a two-factor model of currencies, the trade collapse that tariffs failed to produce, precautionary sourcing away from China, the long tail of banking crises, and currency hedges that spill down a production network. Two of the six papers have no public version yet, so those notes rest on the talk and its slides.
Full day
- A Model of Global Firms and Capital Markets multinational firms · capital markets · international finance · trade
- A Macroeconomic Model of the Cross-Section of Currencies exchange rates · dollar · international finance
- Tariffs, Investment, and the Missing Trade Collapse tariffs · trade · investment · US economy
- Precautionary Sourcing and the Macroeconomics of De-Risking supply chains · de-risking · China · tariffs
- The Very Long-Run Costs of Financial Crises financial crises · economic history · GDP