Over the past 50 years, the steel industry has been protected by a wide variety of trade policies, both tariff- and … quota-based. We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical … are robust to calculation with two standard measures of market power and controlling for potential endogeneity of trade …

network model of the economy in which trade in intermediate goods is financed by supplier credit. In the model, a financial …

The collapse of international trade surrounding the Great Recession has garnered significant attention. This paper …

.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes … the number of firms engaged in China-U.S. trade. These results are robust to other potential explanations of the …

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties … subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share …

This paper finds that U.S. consumer prices fell substantially due to increased trade with China. With comprehensive …-produced goods, and is one order of magnitude larger than in standard trade models that abstract from strategic price-setting. The … estimates imply that trade with China increased U.S. consumer surplus by about $400,000 per displaced job, and that product …

This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using … uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this …