ONLINE: The Effect of the U.S.-China Trade War on U.S. Investment

30.11.2020 16:00 – 17:15

GENEVA TRADE AND DEVELOPMENT WORKSHOP / ABSTRACT

We develop a new method of quantifying theimpact of policy announcements on investment rates that makes use of stockmarket data. By estimating the effect of U.S.-China tariff announcements onaggregate returns and the differential returns of firms exposed to China, weidentify their effect on treated and untreated firms. We showtheoretically and empirically that estimates ofpolicy-induced stock-market declines imply lower returns to capital, whichlowers investment rates. We estimate that the tariff actions through 2018and 2019 will lower the investment growth rate of listed U.S. companies by 1.9percentage points by the end of 2020.

Lieu

Bâtiment: IHEID

Webinar GTDW

Organisé par

Faculté d'économie et de management
Institute of Economics and Econometrics

Intervenant-e-s

Mary Amiti, Federal Reserve Bank of New York

entrée libre

Classement

Catégorie: Séminaire

Inscription

Date limite d'inscription: 28.11.2020

Registration

Please register here(https://us02web.zoom.us/webinar/register/2316007165599/WN_L9H1-ZgaTzWbvesQDQfxoQ) at least 24 hours before the event. You will receive the Zoom link to join the seminars as a participant once your registration has been approved.

Please note that this is an academic seminar series. That said, given the possible wider interests of the presentations, all seminars will be live-streamed on our YouTube channel. To follow our events live, click on Live Streaming: https://www.gtdw.ch/live-streaming.

Plus d'infos

www.unige.ch/gsem/en/research/seminars/iee/

Contact: missing email