{"id":276195,"date":"2025-05-12T22:02:59","date_gmt":"2025-05-12T22:02:59","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/05\/12\/changes-in-international-economics-do-we-need-to-alter-our-approach\/"},"modified":"2025-06-25T17:08:30","modified_gmt":"2025-06-25T17:08:30","slug":"changes-in-international-economics-do-we-need-to-alter-our-approach","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/05\/12\/changes-in-international-economics-do-we-need-to-alter-our-approach\/","title":{"rendered":"\u201cChanges in International Economics:\u00a0 Do We Need to Alter Our Approach?\u201d"},"content":{"rendered":"

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I\u2019ll be discussing this topic on Wednesday at the University of Wisconsin\u2019s Union South (5:30), under the auspices of the Madison Committee on Foreign Relations<\/a>.<\/p>\n

I\u2019ll start the discussion with this picture (effective as of today, for a few days at least):<\/p>\n

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Source:<\/strong> Yale Budget Lab, accessed 4\/12\/2025<\/a>.<\/em><\/p>\n

Post substitution rate takes into account quantity adjustment due to relative price changes associated with tariffs.<\/p>\n

In general, I\u2019ll refer to how the lessons in Chinn-Irwin International Economics<\/em> (Cambridge)<\/a> will differ (or not) from what was presented in earlier textbooks (excellent books, like Caves-Frankel-Jones, Krugman-Meltiz-Obstfeld, and Feenstra-Taylor).<\/p>\n

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