Trade and Uncertainty

We thank the Souder Family Professorship at the University of Virginia, the Center for the Evolution of the Global Economy at the University of California, Davis, and the Centre for Competitive Advantage in the Global Economy (CAGE) at the University of Warwick for financial support. Travis Berge and Jorge F. Chavez provided valuable research assistance. For helpful conversations we thank Nicholas Bloom. We are also grateful for comments by Nuno Limão, Giordano Mion, Veronica Rappoport, and John Van Reenen, as well as seminar participants at the 2011 Econometric Society Asian Meeting, the 2011 Econometric Society North American Summer Meeting, the 2011 LACEA-LAMES Meetings, the 2012 CAGE/CEP Workshop on Trade Policy in a Globalised World, the 2013 Economic Geography and International Trade (EGIT) Research Meeting, the NBER ITI Spring Meeting 2013 , the 2013 CESifo Global Economy Conference, the 2013 Stanford Institute for Theoretical Economics (SITE) Summer Workshop on the Macroeconomics of Uncertainty and Volatility, the Monash-Warwick Workshop on Development Economics, Boston College, LSE, Nottingham, Oxford, Penn State and Warwick. All errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.