International Trade and Investment Program Meeting
Organized by Stephen J. Redding
November 21-22, 2025
SIEPR, Stanford University, 366 Galvez Street, Stanford, CA
Format: Authors will be given the full hour of each session, with questions during the presentation.
Friday, November 21
9:00 am
Continental Breakfast
9:30 am

Geoeconomic Pressure

Christopher Clayton, Yale University and NBER
Antonio Coppola, Stanford University
Matteo Maggiori, Stanford University and NBER
Jesse Schreger, Columbia University and NBER
10:30 am
Break
10:45 am

Multinational Production and Trade Policy (slides)

Agustin Gutierrez, University of Wisconsin - Madison
Sebastian Heise, Federal Reserve Bank of New York
Nicolo Rizzotti, University of Chicago
Felix Tintelnot, Duke University and NBER
11:45 am
Break
12:00 pm

Trade Within Multinational Boundaries

Laura Alfaro, Harvard University and NBER
Paola Conconi, University of Oxford
Fariha Kamal, Federal Reserve Board of Governors
Zachary Kroff, Analysis Group
1:00 pm
Lunch
2:00 pm

Tariffs and State Capacity: A Specific Example

Erik Madsen, New York University
Martin Rotemberg, New York University
Sharon Traiberman, New York University and NBER
Shizhuo Wang, New York University
3:00 pm
Break
3:15 pm

The Spatial Distribution of Income in Cities: New Global Evidence and Theory

Peter Deffebach, Boston University
David Lagakos, Boston University and NBER
Yuhei Miyauchi, Boston University
4:15 pm
Break
4:30 pm

Market Distortion under Weak State: Evidence from China’s Millennia-Long Salt Administration

Ying Bai, The Chinese University of Hong Kong (CUHK)
Ruixue Jia, University of California, San Diego and NBER
Xian Jiang, University of California, Davis
Runnan Wang, Wuhan University
Daniel Xu, Duke University and NBER
5:30 pm
Adjourn
6:30 pm
Group Dinner at Tamarine Restaurant, 546 University Avenue, Palo Alto
Saturday, November 22
8:30 am
Continental Breakfast
9:00 am

Aggregate Efficiency with Heterogeneous Agents

David Baqaee, University of California, Los Angeles and NBER
Ariel Burstein, University of California, Los Angeles and NBER
10:00 am
Break
10:15 am

Global Networks, Monetary Policy and Trade

Ṣebnem Kalemli-Özcan, Brown University and NBER
Can Soylu, Brown University
Muhammed A. Yildirim, Harvard University
11:15 am
Break
11:30 am

Unbalanced Financial Globalization

Damien Capelle, International Monetary Fund
Bruno Pellegrino, Columbia University and NBER
12:30 pm
Lunch and Adjourn