Just taught the first lecture of my "Introduction to R" class 24 students, only one had heard about AI hallucinations It’s probably safe to assume that students *don't* know that AI can hallucinate
Very happy to support the Argentinian economics journal Estudios Económicos as an Associate Editor. Please consider submitting your papers, for infos see estudioseconomicos.uns.edu.ar
If you are interested👉 you can find the paper here: arxiv.org/abs/2404.03508 Thanks for reading, comments or suggestions are very welcome :). N/N
The Cold War was the defining episode of geopolitical fragmentation in the twentieth century. Trade between East and West across the Iron Curtain (a symbolical and physical barrier dividing Europe...
- ❓Perhaps these losses were one of the driving forces behind Perestroika and other market-oriented changes in the Soviet Union and other Eastern bloc economies. 7/N
- 🚧Despite the easing of trade restrictions, the Iron Curtain roughly halved East-West trade flows and caused substantial welfare losses, particularly large and persistent in the Eastern bloc. 6/N
- 💻 In a counterfactual simulation using a state-of-the-art quantitative trade model, we analyze how trade would have evolved in a world without the Iron Curtain: 5/N
We find: - 📊 The difficulty of trading across the Iron Curtain fluctuated throughout the Cold War. - 📈At its height in 1951 the Iron Curtain represented a tariff equivalent of 48%. - 📉Trade between East and West gradually became easier until the fall of the Berlin Wall.4/N
We focus on the Iron Curtain, a symbolic and physical barrier that divided East and West. 🧱 We build a new database to address the lack of historical trade data for major Eastern Bloc countries (such as East Germany and the Soviet Union) using historical primary sources.3/N
"The economic consequences of geopolitical fragmentation: Evidence from the Cold War", joint with Rodolfo Campos and Jacopo Timini, we quantify its effects on trade and welfare by analyzing the defining episode of geopolitical fragmentation in the 20th century: the Cold War. 2/N
#econ#trade#geonomics#geopolitics#coldwar New paper thread: Discussions of geopolitical fragmentation have become ubiquitous, but we still have much to learn to understand their economic consequences. In our new paper ...1/N