PyFixest 0.29 is on PyPi!

- We have updated how small sample adjustments are computed. PyFixest inference matches fixest now 100%, out of the box and all of the time!
- We have added support for fully saturated event studies, which in turn enables @apoorvalal.com's DiD specification tests.

How Tariffs Affect Trade Deficits...

... a new paper with amazing trade economist Arnaud Costinot.

Many politicians and the general public expect tariffs to reduce imports lower imports and thus work to close a trade deficit.

Economists typically say "not so fast"...

🧵1/n

5 positive steps that major trading partners to the US should take to preserve the essence of the global trading system when responding to Trump’s reciprocal tariffs: pause retaliation, not joining US discrimination against China...& more 👉 citp.ac.uk/publications... @michaelgasiorek.bsky.social

The US stands to lose $1,900 per capita yearly (more if countries retaliate) due to #TrumpTariffs. Canada & Mexico are the 2nd most affected countries. The EU & China are somewhere in the middle of the welfare losses distribution. See here 👉 citp.ac.uk/publications...

So the 25% #tariff on Canada and Mexico will start today. The closest experience we had to these tariffs are those imposed by Trump in 2018: largely discriminatory, possibly negotiable and hopefully temporary. I've looked the past experience to learn something @thecitp.bsky.social @uktpo.org

Attention PhD students, postdocs, prof. economists!

We will have our first Nottingham International Trade Summer School this summer!

Lecturers: Arnaud Costinot and Andres Rodriguez-Clare

Dates: 30/6 to 5/7

Registration open!
www.nottingham.ac.uk/gep/news-eve...

Ok, this needs a lot of tweaking and more work, but here's a minimal viable product for

An econometrics paper (Deep Neural Networks for Estimation and Inference)
1. paulgp.github.io/2024/11/06/r...

An economic theory paper (Targeting Interventions in Networks)
2. paulgp.github.io/2024/11/06/r...