Peter Morrow
@petermorrow.bsky.social
Professor of Economics, University of Toronto; Co-Editor, Canadian Journal of Economics; Alum, Michigan Econ; Ex Boston Fed RA.
https://sites.google.com/view/petermmorrow/home
https://sites.google.com/view/petermmorrow/home
Reposted by Peter Morrow
New WP! Paul Novosad wrote a great thread about our paper on X: x.com/paulnovosad/...
This is joint work with Jesse Silbert (Princeton), who is on the academic job market this year. Jesse is fantastic, go check him out: jesse-silbert.github.io
Full paper: jesse-silbert.github.io/website/silb...
This is joint work with Jesse Silbert (Princeton), who is on the academic job market this year. Jesse is fantastic, go check him out: jesse-silbert.github.io
Full paper: jesse-silbert.github.io/website/silb...
November 4, 2025 at 9:59 PM
New WP! Paul Novosad wrote a great thread about our paper on X: x.com/paulnovosad/...
This is joint work with Jesse Silbert (Princeton), who is on the academic job market this year. Jesse is fantastic, go check him out: jesse-silbert.github.io
Full paper: jesse-silbert.github.io/website/silb...
This is joint work with Jesse Silbert (Princeton), who is on the academic job market this year. Jesse is fantastic, go check him out: jesse-silbert.github.io
Full paper: jesse-silbert.github.io/website/silb...
Reposted by Peter Morrow
Andrei Sulzenko a principal negotiator of the original Canada-U.S. free trade agreement, argues that now is the time to rag the puck on trade relations with the US. I agree
Carney made the right move in seeking sectoral trade deal. Can he make another?
The latest from the Globe's business commentary, by Andrei Sulzenko:
The latest from the Globe's business commentary, by Andrei Sulzenko:
Opinion: Carney made the right move in seeking sectoral trade deal. Can he make another?
As the U.S. economy grows shakier, Canada may have time on its side in trade negotiations
www.theglobeandmail.com
October 22, 2025 at 9:22 PM
Andrei Sulzenko a principal negotiator of the original Canada-U.S. free trade agreement, argues that now is the time to rag the puck on trade relations with the US. I agree
Reposted by Peter Morrow
Attention IO job market candidates:
Sometimes speakers in the CMA's external economics seminar series have to cancel at relatively short notice. We would love for these slots to go to JMCs to present their job market paper.
Drop me a message if you are interested or share with those who might be.
Sometimes speakers in the CMA's external economics seminar series have to cancel at relatively short notice. We would love for these slots to go to JMCs to present their job market paper.
Drop me a message if you are interested or share with those who might be.
October 16, 2025 at 8:12 AM
Attention IO job market candidates:
Sometimes speakers in the CMA's external economics seminar series have to cancel at relatively short notice. We would love for these slots to go to JMCs to present their job market paper.
Drop me a message if you are interested or share with those who might be.
Sometimes speakers in the CMA's external economics seminar series have to cancel at relatively short notice. We would love for these slots to go to JMCs to present their job market paper.
Drop me a message if you are interested or share with those who might be.
Reposted by Peter Morrow
I was working an entire essay on this very notion this summer and this is reminding me I should pick it back up. TL;DR - every price is someone else's income and whether prices going down on something is "good" depends a whole lot on what you do for a living.
ANDREESSEN: Even if AI ends up destroying all the jobs, “the result would be hyper-deflation of prices, which is the thing that people miss. .. Things that today cost a lot of money will all of a sudden be cheap or free.”
@fortune.com
fortune.com/2025/10/08/b...
@fortune.com
fortune.com/2025/10/08/b...
October 8, 2025 at 3:42 PM
I was working an entire essay on this very notion this summer and this is reminding me I should pick it back up. TL;DR - every price is someone else's income and whether prices going down on something is "good" depends a whole lot on what you do for a living.
Reposted by Peter Morrow
For months, we had heard officials refer to the investment pledges. Now published, in draft form at least, by Japan’s Cabinet Secretariat, the MOU is our first opportunity to understand the architecture for foreign investments in the US. I try to answer some questions @worldtradelaw.bsky.social
Have the Japanese turned investment lemons into investment project lemonade?
Last week, the governments of the United States and Japan completed a Memorandum of Understanding (MOU) to flesh out the details of a $550 billion pledge to invest in the United States made as part of...
ielp.worldtradelaw.net
September 11, 2025 at 12:43 PM
For months, we had heard officials refer to the investment pledges. Now published, in draft form at least, by Japan’s Cabinet Secretariat, the MOU is our first opportunity to understand the architecture for foreign investments in the US. I try to answer some questions @worldtradelaw.bsky.social
We (development econ faculty at Princeton) are hiring predocs, to start in summer 2026. Please share the application with folks who might be interested: rpde.princeton.edu/rpde-%E2%80%93-predoctoral-fellows-research-specialists-start-summer-2026
We'll review apps starting on 9/15. Thanks!
We'll review apps starting on 9/15. Thanks!
🚨🚨 Pre-doc Hiring! 🚨🚨
We are hiring pre-docs to start in Princeton in Summer 2026, supporting Pascaline Dupas, @thomasfujiwara.bsky.social @seema.bsky.social and Mica Sviatschi. This is a great opportunity to gain experience in development economics research before applying to PhD programs. Link 👇
We are hiring pre-docs to start in Princeton in Summer 2026, supporting Pascaline Dupas, @thomasfujiwara.bsky.social @seema.bsky.social and Mica Sviatschi. This is a great opportunity to gain experience in development economics research before applying to PhD programs. Link 👇
September 10, 2025 at 1:28 PM
Reposted by Peter Morrow
I'm hiring a predoc to work w/ me on empirical IO/applied micro projects starting in Fall '26!
Details below and instructions here: shoshanavasserman.com/call_for_pre...
International students (who need J1) are welcome & non-econ bgs are fine given interest + curiosity. Please apply :)
Details below and instructions here: shoshanavasserman.com/call_for_pre...
International students (who need J1) are welcome & non-econ bgs are fine given interest + curiosity. Please apply :)
September 5, 2025 at 5:57 PM
I'm hiring a predoc to work w/ me on empirical IO/applied micro projects starting in Fall '26!
Details below and instructions here: shoshanavasserman.com/call_for_pre...
International students (who need J1) are welcome & non-econ bgs are fine given interest + curiosity. Please apply :)
Details below and instructions here: shoshanavasserman.com/call_for_pre...
International students (who need J1) are welcome & non-econ bgs are fine given interest + curiosity. Please apply :)
Reposted by Peter Morrow
Forthcoming in the AER: "Labor Market Power, Self-Employment, and Development" by Francesco Amodio, Pamela Medina, and Monica Morlacco. www.aeaweb.org/articles?id=...
Labor Market Power, Self-Employment, and Development
(Forthcoming Article) - This paper shows that self-employment shapes labor market power
in low-income countries, with implications for industrial devel-
opment. Using Peruvian data, we find that wage-...
www.aeaweb.org
July 15, 2025 at 1:29 PM
Forthcoming in the AER: "Labor Market Power, Self-Employment, and Development" by Francesco Amodio, Pamela Medina, and Monica Morlacco. www.aeaweb.org/articles?id=...
Super interesting discussion in the comments about what exactly the Intel-U.S. partnership does (and does not).
Look, this intel press release makes no sense to me at all.
Questions I have:
1) why would they sell shares at a discount? How is that ok?
2) how can the United States be a passive shareholder with no governance rights?
3) when is the transaction taking place?
www.intc.com/news-events/...
Questions I have:
1) why would they sell shares at a discount? How is that ok?
2) how can the United States be a passive shareholder with no governance rights?
3) when is the transaction taking place?
www.intc.com/news-events/...
Intel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership
www.intc.com
August 23, 2025 at 3:34 PM
Super interesting discussion in the comments about what exactly the Intel-U.S. partnership does (and does not).
Reposted by Peter Morrow
Canada will drop retaliatory tariffs on many US products that comply with the existing North American trade deal
Canada to Drop Many Retaliatory Tariffs in Olive Branch to Trump
Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House.
bloom.bg
August 22, 2025 at 2:52 PM
Canada will drop retaliatory tariffs on many US products that comply with the existing North American trade deal
Reposted by Peter Morrow
A quote from me on the Canada tariffs:
“I think the Canadians are probably used to Trump’s negotiating approach by now and are just staying focused on the substance of the talks.”
“I think the Canadians are probably used to Trump’s negotiating approach by now and are just staying focused on the substance of the talks.”
July 11, 2025 at 3:40 PM
A quote from me on the Canada tariffs:
“I think the Canadians are probably used to Trump’s negotiating approach by now and are just staying focused on the substance of the talks.”
“I think the Canadians are probably used to Trump’s negotiating approach by now and are just staying focused on the substance of the talks.”
Interesting article about Chinese exporters (not) paying for tariffs on shipments to the U.S.
One of the best arguments for free trade is that tariffs are actually very hard (and expensive) to enforce.
Case in point: Chinese manufacturers are already fraudulently undervaluing cargo sent to US; CBP is struggling to keep up.
More in today's @financialtimes.com
on.ft.com/4iMqpwN
Case in point: Chinese manufacturers are already fraudulently undervaluing cargo sent to US; CBP is struggling to keep up.
More in today's @financialtimes.com
on.ft.com/4iMqpwN
Chinese exporters undervalue cargo to skirt Trump tariffs
[FREE TO READ] Suppliers to small US businesses claim to reduce costs of duties in fraud that is difficult to police
on.ft.com
May 6, 2025 at 3:53 PM
Interesting article about Chinese exporters (not) paying for tariffs on shipments to the U.S.
Reposted by Peter Morrow
This is very disappointing to see. I have some research funds to spare -- if any Canadian climate scientists lack travel funding for the IPCC, please contact me and I will try to help out.
www.cbc.ca/news/science...
www.cbc.ca/news/science...
Canada will no longer cover travel costs of experts it nominates to UN's climate science body | CBC News
In a sudden and unexplained change from previous decades, the federal government has stopped covering the travel costs of Canadian experts volunteering for the next major global climate science assess...
www.cbc.ca
April 12, 2025 at 5:45 PM
This is very disappointing to see. I have some research funds to spare -- if any Canadian climate scientists lack travel funding for the IPCC, please contact me and I will try to help out.
www.cbc.ca/news/science...
www.cbc.ca/news/science...
Reposted by Peter Morrow
What real resources will firms waste to get these favors?
Happy 50-year anniversaries:
Anne O Krueger (1974) The Political Economy of the Rent-Seeking Society
www.jstor.org/stable/1808883
Richard A. Posner (1975), The Social Costs of Monopoly and Regulation
www.journals.uchicago.edu/doi/10.1086/...
Happy 50-year anniversaries:
Anne O Krueger (1974) The Political Economy of the Rent-Seeking Society
www.jstor.org/stable/1808883
Richard A. Posner (1975), The Social Costs of Monopoly and Regulation
www.journals.uchicago.edu/doi/10.1086/...
April 10, 2025 at 2:04 PM
What real resources will firms waste to get these favors?
Happy 50-year anniversaries:
Anne O Krueger (1974) The Political Economy of the Rent-Seeking Society
www.jstor.org/stable/1808883
Richard A. Posner (1975), The Social Costs of Monopoly and Regulation
www.journals.uchicago.edu/doi/10.1086/...
Happy 50-year anniversaries:
Anne O Krueger (1974) The Political Economy of the Rent-Seeking Society
www.jstor.org/stable/1808883
Richard A. Posner (1975), The Social Costs of Monopoly and Regulation
www.journals.uchicago.edu/doi/10.1086/...
Reposted by Peter Morrow
Audi has temporarily stopped delivering cars to the US. VW stopped delivery via train from MX and via ports. For now, cars already in the US are supposed to be sold. www.spiegel.de/wirtschaft/a...
Autoindustrie: Audi stoppt Export in die USA wegen Trump-Zöllen
Das Zollregime von US-Präsident Donald Trump sorgt nicht nur an den Börsen für erdrutschartige Verluste. Als einer der ersten Großkonzerne zieht jetzt VW-Tochter Audi die Reißleine.
www.spiegel.de
April 7, 2025 at 1:08 PM
Audi has temporarily stopped delivering cars to the US. VW stopped delivery via train from MX and via ports. For now, cars already in the US are supposed to be sold. www.spiegel.de/wirtschaft/a...
Reposted by Peter Morrow
Canada's WTO complaint on the US auto/auto parts tariffs is now available:
docs.wto.org/dol2fe/Pages...
docs.wto.org/dol2fe/Pages...
docs.wto.org
April 7, 2025 at 1:24 PM
Canada's WTO complaint on the US auto/auto parts tariffs is now available:
docs.wto.org/dol2fe/Pages...
docs.wto.org/dol2fe/Pages...
Reposted by Peter Morrow
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)
April 4, 2025 at 4:33 AM
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)
An excellent point by @weisenthal.bsky.social: if the Trump tariff numbers are based on equilibrium outcomes whose determinants are difficult to agree upon, and
"reciprocal" (spoiler: they are not really reciprocal), what can foreign leaders offer if Trump is looking for a "deal"?
"reciprocal" (spoiler: they are not really reciprocal), what can foreign leaders offer if Trump is looking for a "deal"?
SIX MORE THOUGHTS ON THE TARIFFS:
I wrote about China's retaliation, the plunge in private market valuations, the intellectual inspiration behind the tariffs and so forth.
Sub to the newsletter here: www.bloomberg.com/account/news...
I wrote about China's retaliation, the plunge in private market valuations, the intellectual inspiration behind the tariffs and so forth.
Sub to the newsletter here: www.bloomberg.com/account/news...
April 4, 2025 at 3:27 PM
An excellent point by @weisenthal.bsky.social: if the Trump tariff numbers are based on equilibrium outcomes whose determinants are difficult to agree upon, and
"reciprocal" (spoiler: they are not really reciprocal), what can foreign leaders offer if Trump is looking for a "deal"?
"reciprocal" (spoiler: they are not really reciprocal), what can foreign leaders offer if Trump is looking for a "deal"?
Reposted by Peter Morrow
"There is really no methodology there," Mary Lovely says. "It is like finding you have cancer and finding the medication is based on your weight divided by your age. The word 'reciprocal' is deeply misleading."
Trump's tariff formula confounds the world, punishes the poor
Ridiculed for imposing trade tariffs on frozen islands largely inhabited by penguins, Donald Trump's formula for calculating those levies has a serious side: it is also hitting some of the world's poorest nations hardest.
www.reuters.com
April 3, 2025 at 6:11 PM
"There is really no methodology there," Mary Lovely says. "It is like finding you have cancer and finding the medication is based on your weight divided by your age. The word 'reciprocal' is deeply misleading."
Reposted by Peter Morrow
Meet non-preferential origin.
I thought I’d do a quick explainer on non-preferential rules that will be used to determine where the goods subject to Trump’s tariffs come from. This will be crucial in weeks to come given the substantial differences in tariffs (from 10 to +50%)
/1
I thought I’d do a quick explainer on non-preferential rules that will be used to determine where the goods subject to Trump’s tariffs come from. This will be crucial in weeks to come given the substantial differences in tariffs (from 10 to +50%)
/1
If Trump's tariffs are not universal, i.e. there are different tariffs for different countries, there will be an additional cost related to establishing and proving the origin of the imported goods on the business side and preventing circumvention on the CBP side.
April 3, 2025 at 11:51 AM
Meet non-preferential origin.
I thought I’d do a quick explainer on non-preferential rules that will be used to determine where the goods subject to Trump’s tariffs come from. This will be crucial in weeks to come given the substantial differences in tariffs (from 10 to +50%)
/1
I thought I’d do a quick explainer on non-preferential rules that will be used to determine where the goods subject to Trump’s tariffs come from. This will be crucial in weeks to come given the substantial differences in tariffs (from 10 to +50%)
/1