Guest Contribution: “Questioning the puzzle: Fiscal policy, exchange rate and inflation”

Today we are fortunate to present a guest contribution written by By Laurent Ferrara (SKEMA Business School, Paris, and Director of International Institute of Forecasters), Luca Metelli (Banca d’Italia), Filippo Natoli (Banca d’Italia) and Daniele Siena (Banque de France). The views presented represent those of the authors, and not necessarily those of the institutions the authors are affilliated with.

Continue reading

Wisconsin in the Trade War of 2018-

I’m interviewed on Wisconsin Public Radio today, in the wake of declining Wisconsin exports.


Figure 1: Wisconsin goods exports to world (blue, left scale), to China (red, right scale), in bn 2012$. Nominal values deflated using national goods exports deflator. Section 232 and 301 actions shaded gray. Source: ITA TradeStats, accessed 2/7/2020, export deflator from BEA, 2019Q4 advance release, and author’s calculations.

My colleague Jon Pevehouse speaks on WPR about the Phase 1 deal.

Interesting reading on Wisconsin and the trade war (a little out of date), from the Wisconsin Legislative Reference Bureau. Some stats state-by-state from TariffsHurt.