This lecture will discuss novel methods to quantify the dynamic gains from trade liberalization. Using this methodology we will explore the implications of the potential formation of a Free Trade Agreement between Latin American countries that lowers tariffs uniformly by 35%. We will discuss how such a policy could impact different regions of Latin America immediately and in the future. We will also discuss the implications of relaxing migration restrictions in the region.
Esteban Rossi-Hansberg is the Theodore A. Wells '29 Professor of Economics and International Affairs in the Economics Department and WWS at Princeton University. He performs research in macroeconomics, international trade, and urban and regional economics. Prior to coming to Princeton, Rossi-Hansberg was a faculty member in the Economics Department at Stanford University. He is a research fellow in the NBER and the CEPR and received a Ph.D. in Economics from the University of Chicago.