与时俱进的 瀛寰治略 2021/4/9
STUDYING THE IMPACT OF CHINA’S RISE ON WORKERS, FIRMS, AND MARKETS
The research presented here, conducted by Professors David Autor (MIT), David Dorn (University of Zurich), Gordon Hanson (Harvard Kennedy School), and research partners, studies the economic benefits and costs of trade integration. The costs include distributional impacts, which economic theory has long recognized, as well as adjustment costs, which formerly have been underestimated. The case study of China’s rise thus informs broader theory about global trade that can be incorporated into economic policy.
Paul Krugman 12 April 2021, VOXEU
Nobel Laureate Robert Mundell passed away on 4 April 2021. In this column, Paul Krugman describes the evolution of Mundell’s contribution to economic thought and policy, from his early pathbreaking models that remain the foundation of modern international macroeconomics to his later views that were more controversial and less influential in the profession. He also offers an explanation of how the man who brought Keynesian analysis to the open economy and highlighted the difficult tradeoffs in creating a currency area could come to be seen as the father of both supply-side economics and the euro.
The abject failure surprised even the critics. NYT, April 9, 2021
Today’s column is about the Biden administration’s proposal for corporate tax reform — a term I use advisedly. For this isn’t just about raising the tax rate, although that’s part of it. It’s also an attempt to crack down on tax avoidance, in particular the strategies multinational corporations use to shift reported profits to low-tax jurisdictions.
Will this happen? Probably, although it will be tricky keeping the Democratic caucus in line (there won’t be any Republican votes). But it wouldn’t be happening if the 2017 Trump tax cut for corporations hadn’t been such a complete flop, hadn’t failed so completely to deliver the promised surge in business investment.
原创 澎湃思想市场 澎湃思想市场 2021/4/7
文｜Conner Woodman, 译｜杜云飞