David E. Weinstein
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View article: Shifting baselines of coral‐reef species composition from the Late Pleistocene to the present in the Florida Keys
Shifting baselines of coral‐reef species composition from the Late Pleistocene to the present in the Florida Keys Open
The ongoing global‐scale reassembly of modern coral reefs is unprecedented compared with the observed stability of most late Quaternary reef assemblages. One notable exception is the marine isotope stage (MIS) 5e ( ca 130–116 thousand year…
View article: WhoAS Paying for the Us Tariffs? A Longer-Term Perspective
WhoAS Paying for the Us Tariffs? A Longer-Term Perspective Open
Using data from 2018, a number of studies have found that recent U.S tariffs have been passed on entirely to U.S. importers and consumers. These results are surprising given that trade theory has long stressed that tariffs applied by a lar…
View article: Who's Paying for the US Tariffs? A Longer-Term Perspective
Who's Paying for the US Tariffs? A Longer-Term Perspective Open
Using data from 2018, a number of studies have found that recent U.S tariffs have been passed on entirely to U.S. importers and consumers. These results are surprising given that trade theory has long stressed that tariffs applied by a lar…
View article: The Effect of the U.S.-China Trade War on U.S. Investment
The Effect of the U.S.-China Trade War on U.S. Investment Open
We develop a new method of quantifying the impact of policy announcements on investment rates that makes use of stock market data. By estimating the effect of U.S.-China tariff announcements on aggregate returns and the differential return…
View article: The Impact of the 2018 Tariffs on Prices and Welfare
The Impact of the 2018 Tariffs on Prices and Welfare Open
We examine conventional approaches to evaluating the economic impact of protectionist trade policies. We illustrate these conventional approaches by applying them to the tariffs introduced by the Trump administration during 2018. In the wa…
View article: Aggregation and the Gravity Equation
Aggregation and the Gravity Equation Open
One of the most successful empirical relationships in international trade is the gravity equation, which relates bilateral trade flows between an origin and destination to bilateral trade frictions, origin characteristics, and destination …
View article: Replication data for: Aggregation and the Gravity Equation
Replication data for: Aggregation and the Gravity Equation Open
One of the most successful empirical relationships in international trade is the gravity equation. A key decision for researchers in estimating this relationship is the level of aggregation, since the gravity equation is log linear, wherea…
View article: International Financial Flows and the Global Financial Cycle
International Financial Flows and the Global Financial Cycle Open
What is the role for supply and demand forces in determining movements in international banking flows? And what role might a common factor — the global financial cycle highlighted by Rey (Dilemma not trilemma: the global financial cycle an…
View article: Aggregating from Micro to Macro Patterns of Trade
Aggregating from Micro to Macro Patterns of Trade Open
We develop a new framework for aggregating from micro to macro patterns of trade. We derive price indexes that determine comparative advantage across countries and sectors and the aggregate cost of living. If firms and products are imperfe…
View article: The refined biomimetic NeuroDigm GEL™ model of neuropathic pain in a mature rat
The refined biomimetic NeuroDigm GEL™ model of neuropathic pain in a mature rat Open
Background: Many humans suffering with chronic neuropathic pain have no objective evidence of an etiological lesion or disease. Frequently their persistent pain occurs after the healing of a soft tissue injury. Based on clinical observati…
View article: Supply- and demand-side factors in global banking
Supply- and demand-side factors in global banking Open
What is the role of supply and demand forces in determining movements in international banking flows? Answering this question is crucial for understanding the international transmission of financial shocks and formulating policy. This pape…
View article: The Crisis that Wasn’t: How Japan Has Avoided a Bond Market Panic
The Crisis that Wasn’t: How Japan Has Avoided a Bond Market Panic Open
This paper explores the history of Japanese fiscal policy over the past two decades with the aim of better understanding where previous forecasts have erred. As such, Japan provides an important case study of how a country facing intense f…
View article: The refined biomimetic NeuroDigm GEL™ Model of neuropathic pain in the mature rat
The refined biomimetic NeuroDigm GEL™ Model of neuropathic pain in the mature rat Open
Background:Many humans suffering with chronic pain have no clinical evidence of a lesion or disease. They are managed with a morass of drugs and invasive procedures. Opiates usually become less effective over time. In many, their persisten…
View article: A Unified Approach to Estimating Demand and Welfare
A Unified Approach to Estimating Demand and Welfare Open
The measurement of price changes, economic welfare, and demand parameters is currently based on three disjoint approaches: macroeconomic models derived from time-invariant utility functions, microeconomic estimation based on time-varying u…
View article: Measuring Aggregate Price Indexes with Taste Shocks: Theory and Evidence for Ces Preferences
Measuring Aggregate Price Indexes with Taste Shocks: Theory and Evidence for Ces Preferences Open
We develop an approach to measuring the cost of living for CES preferences that treats demand shocks as taste shocks that are equivalent to price shocks. In the presence of relative taste shocks, the Sato-Vartia price index is upward biase…
View article: Refined biomimetic model of chronic pain is healed with erythropoietin
Refined biomimetic model of chronic pain is healed with erythropoietin Open
Humans suffering with chronic pain may have no evidence of a lesion or disease. They are managed with a morass of drugs and invasive procedures. In many, their persistent pain occurs after the healing of a soft tissue injury, with a neural…