by Summary:
In sum, we find that the U.S.-China trade war lowered the market capitalization of U.S. listed firms by .7 trillion and will lower their investment growth rate by 1.9 percentage points by the end of 2020. FRB — Liberty Street EconomicsThe Investment Cost of the U.S.-China Trade War Mary Amiti, vice president in the Federal Reserve Bank of New York’s Research and Statistics Group; Sang Hoon Kong, economics Ph.D. student at Columbia University; and David E. Weinstein Carl S. Shoup Professor of the Japanese Economy at Columbia University
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In sum, we find that the U.S.-China trade war lowered the market capitalization of U.S. listed firms by .7 trillion and will lower their investment growth rate by 1.9 percentage points by the end of 2020. FRB — Liberty Street EconomicsThe Investment Cost of the U.S.-China Trade War Mary Amiti, vice president in the Federal Reserve Bank of New York’s Research and Statistics Group; Sang Hoon Kong, economics Ph.D. student at Columbia University; and David E. Weinstein Carl S. Shoup Professor of the Japanese Economy at Columbia University
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Mike Norman considers the following as important:
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In sum, we find that the U.S.-China trade war lowered the market capitalization of U.S. listed firms by $1.7 trillion and will lower their investment growth rate by 1.9 percentage points by the end of 2020.FRB — Liberty Street Economics
The Investment Cost of the U.S.-China Trade War
Mary Amiti, vice president in the Federal Reserve Bank of New York’s Research and Statistics Group; Sang Hoon Kong, economics Ph.D. student at Columbia University; and David E. Weinstein Carl S. Shoup Professor of the Japanese Economy at Columbia University