open.substack.com/pub/billmcki...
07.03.2026 00:27
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Making the comprehensive agreement (CETA) even more comprehensive (comprehensiver?) #digitaltrade
"Negotiations to add digital trade provisions begin Thursday"
I'm curious to see what Canada and the EU come up with here.
Excited to share my newly published article with Olivia Quinn in Climatic Change, which explains why the Inflation Reduction Act passed Congress when the Waxman-Markey bill failed.
It's open access so anyone can read it!
link.springer.com/article/10.1...
NBER: “.. Tariff increases are contractionary: imports fall sharply, exports decline with a lag, and output and manufacturing activity drop persistently.”
@scottlincicome.bsky.social
www.nber.org/papers/w34852
(1/2) Such a pleasure discussing the importance of the EU CBAM for climate policy with Arvid Viaene. Listen to his podcast to hear more about our work on the Global Effects of CBAM, with @allanhsiao.bsky.social @cwolfram.bsky.social and
@jmcolmer.bsky.social.
www.buzzsprout.com/2412056/epis...
Recently accepted by #QJE: “Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity,” by Acemoglu and Restrepo: doi.org/10.1093/qje/...
#Breturn
Unsurprisingly….“Our results suggest that incorporating AI aggressively into the workplace, particularly with respect to software engineering, comes with trade-offs.” share.google/RxTfvq65f0pB...
California’s EV boom led to cleaner air in its neighborhoods, with satellite data linking this growth to lower NO₂ pollution.
insideevs.com/news/785951/...
New at JIE: "Playing with blocs: Quantifying decoupling" by Barthélémy Bonadio, Zhen Huo, Elliot Kang, Andrei A. Levchenko, Nitya Pandalai-Nayar, Hiroshi Toma, Petia Topalova
doi.org/10.1016/j.ji...
NEW: India is avoiding the fossil fuel detour 🪝
Where China built first on coal and gas, India is taking a shortcut >>> read in 5 graphics🧵
New evidence from Africa shows that aid reduces conflict when projects are well managed, but increases violence when management and monitoring are weak.
Read today's article to learn more:
No moar nrg!
An update on the "Great Reallocation" in US sourcing finds that China's share in US imports had fallen by July 2025 back to where it stood in 2001, from Laura Alfaro and Davin Chor www.nber.org/papers/w34490
Our online special issue, The Future of Global Governance and World Order, is out!
It features 15 short essays plus the editors' introduction, all #OpenAccess.
www.cambridge.org/core/journal...
#IOFoGG
Very excited about this @iojournal.bsky.social special issue on the future of global governance and world order – many (short) thoughtful pieces, perfect for teaching!
www.cambridge.org/core/journal...
The trouble with The Trouble with Abundance: political marketing of sound economic policies matters: How about managing scarcity efficiently and calling it “abundance”?
The Trouble with Abundance by Jeffrey Frankel @projectsyndicate.bsky.social prosyn.org/myATHPk?refe...
On commercial peace and reverse causation -
Free Trade Can’t Bring Peace by Benn Steil @projectsyndicate.bsky.social prosyn.org/LkdDyx7?refe...
Based on very cool analysis by @benkeys.bsky.social and Philip Mulder @nber.org
www.nber.org/papers/w32579
I’m wondering how much of the new US-Mexico trade is tariff-circumventing China-US trade #transshipment #rulesoforigin #CUSMA #tradewar
When do we want it? Not immediately, but hopefully in the not too distant future!
What do we want? Free Canadian Trade, except for food, alcohol, financial services and "other things"! 😒https://www.cbc.ca/news/canada/british-columbia/bc-interprovincial-trade-barrier-dropped-9.6984871
A bold proposal for persistent imbalances
"The case for spending aid in the poorest countries is strong—it's where each $ spent can have the greatest effect on life expectancy...or economic growth."
@charlesjkenny.bsky.social on the vital role aid plays in LICs & the reasons why that's where we should spend it:
https://go.cgdev.org/3X01PzX
For years, Australians have been been installing solar panels at a rapid clip. Now that investment is paying off. The Australian government announced this week that electricity customers in three states will get free electricity for up to three hours per day starting in July 2026.
The Solar Sharer plan will be available to everyone in New South Wales, South Australia, and in the southeastern part of Queensland to start; more regions will be added later. Households won’t need to have solar on their rooftops to qualify, though they will need a smart meter installed. The plan will help those who live in apartments or don’t have a suitable rooftop to benefit from their neighbors’ panels, Bowen said. Although the government hasn’t said which hours in the middle of the day will qualify, the hours between 11 a.m. and 2 p.m. are the most likely candidates. Customers will have to opt in to the new plan, which is meant to encourage people to shift their energy use to peak solar-production hours. Smart appliances can help people make the most of this by allowing them to time charging their EVs or running loads of laundry.
How's this for energy abundance? Millions of Aussies will start receiving three hours of free power each day in 2026. This is what happens when you make rooftop solar less than a buck a watt!!
"Rooftop solar installations cost about $840 (U.S.) per kilowatt of capacity before rebates." 🤯
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E.g. “ARPA-W” would focus on developing “labor-friendly technologies”. The political economy of this is difficult, to say the least.
"We spend so much time on the global economy and global agreements. But there is so much that can be done internally”--Dani Rodrik, the Harvard economist, talking to me about his new book "Shared Prosperity in a Fractured World."
www.newyorker.com/news/the-fin...
