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Hint
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Answer
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Which nation scrapped a 1.2CHF to Euro fixed rate causing a 30% increase in FX in minutes?
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Switzerland (2015)
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Tested US productivity against other nations, finding that the US exports where they are more productive.
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Golub and Hsieh (2000)
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What contradicts Heckscher-Ohlin by showing that US exports labour intensive goods despite being a capital abundant country?
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Leontief Paradox (1953)
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Who showed that International trade caused US welfare to rise by 0.85% of GDP/year, due to lower markups and product variety?
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Feenstra and Weinstein (2017)
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Who found that TFA increased trade in agricultural goods?
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Beverelli et al. (2023)
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Who showed that the TFA between US and CA increased labour productivity by 15% due to more efficiency?
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Trefler (2004)
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Who found that TFA reduced trade costs?
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Duval and Utoktham (2022)
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What caused a reduction in trade costs, and an increase in trade volume and GDP?
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TFA (2015)
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Who used R&D as an investment for productivity to find that there was a 6.5 elasticity of exports to productivity?
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Costinot et al. (2012)
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What agreement set quotas on US clothes imports, accounting for 84% of US welfare costs?
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Multi Fibre Agreement (2004)
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Who wrote that Trump's 2018 tariffs reduces US income by $1.4bn?
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Feldmann (2024)
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Who compared US and UK labour productivity in 1937 to find that the US exported where they were 2x as productive?
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McDougall (1951)
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Who showed through comparing Germany and Bangladesh that countries export goods where they are skill abundant?
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Romalis (2004)
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Who found that US congress passed NAFTA in 1994, despite trade unions strongly opposing it? Proving by counterfactual
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Baldwin and Magee (2000)
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PPP on Big Macs showed that the £ was undervalued.
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Big Mac Index (2025)
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Who showed that countries contribute more value-added in sectors where they can use their abundant factors?
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Ito et al. (2017)
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Average money supply growth and inflation moved almost proportionally in a log-log scale
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Latin America (1980-2014)
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Who showed that in the 2019 US-China trade war, the minority who benefitted were actively supporting and incurring costs to support Trump, while consumers didn't?
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Autor et al. (2024)
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