New CEPR Discussion Paper - DP21166
Why Do Firms Pay Different Interest Rates on Their Bank Loans?
Mary Amiti @NewYorkFed, Anil Kashyap @ChicagoBooth, Anna Kovner @RichmondFed, David Weinstein @deweinstein @columbia_econ @Columbia
ow.ly/okRV50YgWPf
#CEPR_MEF #CEPR_MG #CEPR_BCF #EconTwitter
Borrower search-cost frictions explain why most of the dispersion in loan interest-rate spreads is driven not by differences between risk categories but by differences within them, from Mary Amiti, Anil K Kashyap, Anna Kovner, and @deweinstein nber.org/papers/w34870
Who Is Paying for the 2025 U.S. Tariffs?
Liberty Street Economics
12FEB2026
Mary Amiti, Chris Flanagan, Sebastian Heise, & David E. Weinstein
libertystreeteconomics.newyo…
Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 to 13 percent.
In this blog post, we ask how much of the tariffs were paid by the U.S., using import data through November 2025.
We find that nearly 90 percent of the tariffs’ economic burden fell on U.S. firms and consumers.
David Weinstein retweeted
"natural experiment in Japan in which military casualties and urban destruction varied exogenously, but differentially, across cities. … military deaths induce future pro-military voting, while urban destruction induces pacifist voting." nber.org/papers/w33842?utm_c…
David Weinstein retweeted
New CEPR Discussion Paper - DP20264
Martyrs, Morale, and Militarism: The Political Impact of Devastation and Slaughter
Shizuka Inoue & @deweinstein @columbia_econ, Atsushi Yamagishi @Hitotsubashi_U @UTokyo_News_en
ow.ly/xbbE50VVstJ
#CEPR_EH #CEPR_ITRE #CEPR_PoE #EconTwitter
David Weinstein retweeted
Happy to see our WP w Shogo Sakabe and @deweinstein (so many years in the making!) out. We examine the role of codifying knowledge in the spread of the Industrial Revolution. A little thread. 1/N
Japan’s massive public investments in codifying technical knowledge explain why it was unique among non-Western countries in industrializing in the 19th and early 20th centuries, from @juhreka13, Shogo Sakabe, and @deweinstein nber.org/papers/w32667
David Weinstein retweeted
Ronald E. Findlay (1935-2021), A Memorial on Zoom with friends, family, colleagues, and co-authors. Monday January 31, 2022, 10 am – noon EST.
Ragnar Nurkse Professor Emeritus of Economics, Columbia University. Specialist in intl. trade, economic history, and econ development.
David Weinstein retweeted
Good advice for grad students (and all researchers):
link.medium.com/2ZE7lGNQIlb
David Weinstein retweeted
This graphical abstract is a nice way of summarizing a paper in a Twitter-friendly fashion.
New: "Bias and consistency in three-way gravity models" by Martin Weidner (@OxfordEconDept), @TomZylkin (@urichmond). Are you running gravity regressions using the Poisson PML estimator in a panel setting? Take a look. doi.org/10.1016/j.jinteco.20… 1/4
David Weinstein retweeted
Normally I would not be posting personal developments on this website, but in this case I have a pressing concern. My dad, Spanish economist Andreu Mas-Colell, is dealing with an incredibly difficult and unjust situation. 1/
David Weinstein retweeted
Geography trivia: Japan is farther east, west, north and south than Korea. Source: buff.ly/3w1DvOL
David Weinstein retweeted
Japanese terms for rude things to do with your chopsticks!
If it's something rude you can do with a pair of chopsticks, Japanese has a special term for it.
A thread...
David Weinstein retweeted
So...I just scraped new State Dept data on student visas (F-1's), and it looks like student visa issuance fell by ~70% from FY2019 to FY2020.
This is an astounding idiotic own-goal for America, given that education is one of our most successful exports.
David Weinstein retweeted
Photo of the Economics Club at Howard U. circa 1983. Top center: Kamala Harris. Econ majors rock!!
David Weinstein retweeted
So worth tuning in, ITI never fails to keep us on the edge of the seat. Today: the *full* cost of trade war for investors & investmt, extraordinary new quantification of incentives for big firms to lobby, costs of inventory acrobatics from policy uncertnty. Geog of unemp up next.
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David Weinstein retweeted
What Coronavirus Researchers Can Learn From Economists nytimes.com/2020/06/30/upsho…
David Weinstein retweeted
This is a really helpful presentation of the data. Not a second wave: a first wave in places that should have learned from NYC, but didn't.
If you imagine we didn’t have one country, but 4, it would explain why people have been reacting differently.
Disbelief when on the way up/fragility when on the way down.
Per @COVID19Tracking
David Weinstein retweeted
Is It Safe to Reopen Schools? These Countries Say Yes. wsj.com/articles/is-it-safe-…
David Weinstein retweeted
Has #lockdowns been particularly detrimental to the research activity of women (& midcareer) economists?
Yes, argues my @Cambridge_Uni colleagues @noriko_amanopat, Elisa Faraglia @Kings_College @giannitsarou & @HasnaZeina @Selwyn1882 in this @voxeu column voxeu.org/article/who-doing-…





































