Ana Maria Santacreu
anamarias.bsky.social
Ana Maria Santacreu
@anamarias.bsky.social

International Trade and Macroeconomics at the Saint Louis Fed. Views are my own. https://www.anamariasantacreu.com/ 🇪🇸🇺🇸

Economics 87%
Business 10%

📢 New WP alert!

🧩 Technology, Geopolitics, and Trade — with Leo Lam

We study unilateral export controls in a world where geopolitical distance raises contract risk in tech licensing.

Paper here: doi.org/10.20955/wp....
doi.org
En el último episodio de Future is blue (Funcas Europe) @anamarias.bsky.social (St. Louis Fed) analiza los retos de Europa ante la fragmentación del comercio global.

Con la reflexión final de @miguelgonzsim.bsky.social (Funcas).

share.transistor.fm/s/9611f90c

#ComercioInternacional #UE #China
@a-gaillard.bsky.social @anamarias.bsky.social‬ et al. document geopolitical shifts using new data on trade, tech, and input concentration & highlight the strategic vulnerabilities facing advanced economies, particularly in Europe, as trade becomes more politicised.
cepr.org/voxeu/column...
#EconSky
Worth reading carefully!

"Recent Evolutions in the Global Trade System: From Integration to Strategic Realignment" by Florencia Airaudo, François de Soyres, Alexandre Gaillard, and Ana Maria Santacreu.

www.ecb.europa.eu/pub/pdf/sint...

It was so nice to catch up, Birthe! :)

📊 Slides here if you want the visual version:
www.ecb.europa.eu/pub/pdf/sint...

#ECBForum #Trade #Geopolitics
www.ecb.europa.eu

The paper, coauthored with Florencia Airaudo, François de Soyres, and Alexandre Gaillard, looks at how strategic competition and geopolitical distance are reshaping global trade.
📄 Paper: www.ecb.europa.eu/pub/pdf/sint...
www.ecb.europa.eu

Wrapped up an amazing few days at the ECB Forum on Central Banking—had the chance to present our paper and dive into some great conversations on trade, tech, and geopolitics.
🔗 www.ecb.europa.eu/press/confer...
ECB Forum on Central Banking
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purch...
www.ecb.europa.eu
🔵 Watch live: the #ECBForum on Central Banking panel discussion on new industrial developments and the evolving architecture of international trade with:

- Piero Cipollone
- Ana Maria Santacreu
- Diego Comin

Follow the event europa.eu/!9F4cq3
Fantastic meeting with friend @anamarias.bsky.social at the Society of Economic Dynamics conference in Copenhagen ❤️❤️❤️ #SED

It's time to read "Bilateral Trade Imbalances" by Alejandro Cunat & Robert Zymek (REStud 2024)

"large and pervasive asymmetries in trade barriers are required to account for most of the observed variation in bilateral imbalances"

doi.org/10.1093/rest... via @anamarias.bsky.social
Bilateral Trade Imbalances
Abstract. If sectoral trade flows obey structural gravity, countries’ bilateral trade imbalances are the result of macro trade imbalances, “triangular trad
doi.org

Great new @trade--talks.bsky.social episode! @chadpbown.com and @soumayakeynes.ft.com dive deep into Trump's #TariffDay! US Tariffs increased dramatically. What does this historic shift mean for global trade?
NEW EPISODE

Old friend @soumayakeynes.ft.com joins @chadpbown.com on an emergency episode explaining President Trump’s sweeping April 2 tariff announcement. They cover history, the dollar, and even the U.S. legal system to clarify what we know about the tariff actions so far.
207. What happened on Trump’s tariff day
Soumaya Keynes joins to cohost an emergency episode explaining President Trump’s sweeping April 2 tariff announcement.
tradetalkspodcast.com
NEW EPISODE

Old friend @soumayakeynes.ft.com joins @chadpbown.com on an emergency episode explaining President Trump’s sweeping April 2 tariff announcement. They cover history, the dollar, and even the U.S. legal system to clarify what we know about the tariff actions so far.
207. What happened on Trump’s tariff day
Soumaya Keynes joins to cohost an emergency episode explaining President Trump’s sweeping April 2 tariff announcement.
tradetalkspodcast.com
I'm seeing a huge spike in interest in tariffs from people who normally don't work in the economics of international trade. Here are a few useful things to know about them. (1/14)

Great insights from @pkrugman.bsky.social : The world's changed since his work on agglomeration economies. Geographic concentration of tech now pose geopolitical risks we hadn't imagined. Industrial policy isn't just about growth anymore; it's about security and resilience.@chadbown.bsky.social
NEW: Nobel Laureate @pkrugman.bsky.social joins to discuss historical lessons plus new thinking on trade, concerns over geographically concentrated production, industrial policy, AI, the Draghi Report, as well as tariffs under President Trump.

🎧 Listen 🎧: tradetalkspodcast.com/podcast/206-...
NEW: Nobel Laureate @pkrugman.bsky.social joins to discuss historical lessons plus new thinking on trade, concerns over geographically concentrated production, industrial policy, AI, the Draghi Report, as well as tariffs under President Trump.

🎧 Listen 🎧: tradetalkspodcast.com/podcast/206-...

📢 Call for Papers! 📢
The 6th Women in International Economics Conference will be held at Yale University on Oct 16-17, 2025. Keynote speaker: Penny Goldberg. We invite submissions from junior women in international economics.
📅 Deadline: April 30, 2025
📩 Submit here: forms.gle/ucoE6ZcjqwQ1...
forms.gle

Organizing committee: Laura Castillo, Mayara Felix, @stefaniagaretto.bsky.social, Monica Morlacco, and @anamarias.bsky.social
US graphite producers want a whopping 920% tariff applied to imports of the mineral from China.

That would hurt Tesla & other EV/battery makers who have lobbied against tariffs.

Latest @bloomberg.com story with the great @whereisted.bsky.social:

www.bloomberg.com/news/article...
US Graphite Firms Seek 920% Duty to Thwart China on EV Material
US producers of a crucial material used in electric vehicle batteries have initiated a trade action seeking sharp tariff increases on Chinese graphite, arguing that Beijing’s massive state subsidies a...
www.bloomberg.com
Nice FT write-up of our new Brexit & trade paper by the always excellent @pmdfoster.bsky.social

Rightly notes that our findings (goods exports⬇️6.4% due to TCA, imports ⬇️3.1%) suggest OBR's forecast (long-run trade ⬇️15%) may be an over-estimate of the impact of Brexit

on.ft.com/4iK8esS
Brexit hit to UK trade less than predicted, says study
Larger companies have adapted to red tape at the border, according to London School of Economics research
on.ft.com
What Donald Trump’s tariff promises might really turn out to be in delivery.

My @bloomberglp.bsky.social colleagues and I came up with a plausible scenario:

www.bloomberg.com/news/feature...
A Roadmap Through the Drama and Realities of Trump’s Trade War
Trump’s tariffs could go in many different directions. Understanding the strategy from his first term, and the priorities of his new team, reveals a potential path ahead.
www.bloomberg.com
Gracias al Grupo de investigación INTECO de @uvalencia.bsky.social y @ujiuniversitat.bsky.social por su XXI workshop donde quienes investigamos en temas de integración económica presentamos nuestros trabajos y escuchamos los de colegas como @anamarias.bsky.social y @jordipaniagua.bsky.social
Yesterday I presented ongoing research on intra-firm cross-border interest flows and tax incentives (with Stefan Goldbach, Arne Nagengast and Georg Wamser) at ESHCC Erasmus University Rotterdam in the interdisciplinary Workshop “The Netherlands a Tax Paradise?”
How do firms respond when faced with climate shocks? Tarikua Erda's research examines how firms adjust physical capital investment and entry/exit decisions, providing key evidence to a long-standing puzzle. (Among other interesting projects: www.tarikuaerda.com)

Muy bueno conocerte finalmente en persona!
At the INTECO workshop in Castellon with @anamarias.bsky.social
Two interesting charts from @josephpolitano.bsky.social, calling for two questions. Is high US productivity growth the result of running the economy hot? Did tradable services (temporarily?) replace manufacturing as the engine of growth?