To learn more, check out Dr. Paul’s book The Poverty of Disaster: Debt and Insecurity in Eighteenth-Century Britain.
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UCLA Associate Professor Pablo Fajgelbaum‘s fascinating research has been recently highlighted in the press by the following top news outlets: Vanity Fair Hive, Fortune, Rolling Stone, Bloomberg, CBS News, CNN Politics, The Wall Street Journal, The New York Times, The Economist, and The NBER Digest. Dr. Fajgelbaum studied at Princeton University where he cultivated his skills as a trade economist with an emphasis in international trade. In addition, he is a research associate under the National Bureau of Economic Research (NBER) for their International Trade and Investment Program.
The media coverage has referenced the newly published article Dr. Fajgelbaum co-authored with Pinelopi K. Goldberg, Patrick J. Kennedy, and Amit K. Khandelwal titled, Return to Protectionism. This study is an analysis of the trade war between the United States and other countries during 2018. The current trade war began when the U.S. imposed tariffs on imported goods and in response other countries did the same to the U.S.’s imported goods. Consequently, the research reveals that this trade war has had a negative effect on the U.S. economy causing prices and costs for U.S. businesses to increase. In addition, patterns showed that counties across the U.S. that lean mostly Republican, were impacted more than others. Last year, the United States experienced a devastating loss of about $7.8 billion since the implementation of tariffs on China and other countries.
The findings from this research counters the claims President Trump has made ensuring that Americans will benefit from imposing tariffs on imported goods from other countries. The research has left many companies, and citizens outraged and fearful of the continual impact this trade war will have on the U.S.
Pablo Fajgelbaum is an Associate Professor of Economics at UCLA. He is a trade economist. His recent research includes the distributional impact of international trade and the effects of regional policies on the spatial distribution of economic activity. He has published in the Quarterly Journal of Economics, Review of Economic Studies, and Journal of Political Economy.
