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Juan Carlos Suárez Profile picture
Juan Carlos Suárez
@J_C_Suarez
Public finance economist at @DukeEcon. Last name: Suárez Serrato. First name sounds like "one car lost" with no "t". More at https://t.co/gTrj7iOCSH
Sonia Cabral Profile picture 1 subscribed
Jul 23, 2018 • 6 tweets • 3 min read
Check out my new NBER Working Paper: "Unintended Consequences of Eliminating Tax Havens"

NBER: nber.org/papers/w24850
Ungated: jcsuarez.com/Files/Suarez_S…

Short summary in 5 tweets below Main point is that limits to profit shifting increase the effective cost of investing in the US since multinationals can’t shift profits to tax havens.

This figure shows limits to profit shifting raise cost of investing from \tilde \rho_0 to \tilde \rho_1:
Feb 4, 2018 • 6 tweets • 3 min read
Excited to announce “Broken or Fixed Effects?” w/ @GibbonsCharlie @Urbancic is available at J Econometric Methods degruyter.com/view/j/jem.ahe…

Ungated PDF, Stata/R commands, data archive: jcsuarez.com/research.html

Here is a quick summary of the paper in 5 more tweets: \begin{thread} Image 1- We show OLS with Fixed Effects (FE) is generally not a consistent estimator of Average Treatment Effects (ATE) when effects are heterogeneous. We show FE biases in favor of groups with higher VARIANCE in treatment: Image