Welcome to Mike Waugh's website!
Check this out...
This figure plots the results from a simple exercise. I took the calibrated model from my paper International Trade and Income Differences (new version here) and changed the calibrated trade costs for Chile to import by the same amount that Chile's average tariff rate in 2007, 1984, 1977, and 1973 changed relative to the 1996 level.
I am an assistant professor of economics at New York University, Leonard N. Stern School of Business.
Current Contact Information
E-mail: mwaugh At stern.nyu.edu
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Mailing Address: Kaufman Management Center, 44 West 4th Street, 7-160, New York, NY 10012