Bilateral trade shocks affect firms in third countries by redirecting demand and reallocating competition across markets, creating winners and losers. We propose a tractable trade model with heterogeneous firms to decompose firm-level export responses as a function of destination-specific...

During the COVID-19 pandemic, virtual instruction reduced in-person support that may have helped high school students transition to college. Using national school-level data on FAFSA submissions, ACT participation, and first-year college enrollment, we estimate a difference-in-differences model...