Oleg Itskhoki (@itskhoki) 's Twitter Profile
Oleg Itskhoki

@itskhoki

Professor of Economics @Harvard.
Infrequently tweet thoughts and re-post links, rarely engage on this platform, looking forward to a less toxic social media.

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linkhttps://itskhoki.com/ calendar_today08-05-2012 20:57:09

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Oleg Itskhoki (@itskhoki) 's Twitter Profile Photo
Oleg Itskhoki
@itskhoki

4 months ago

A tariff policy cannot, in general, close a long-run trade deficit, unless it inflicts a negative valuation effect on the international financial position of the country. Absent such valuation effects, the long-run trade deficit is exogenous to any tariff policy. (2/n)