Christopher Clayton
@chris_d_clayton
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Economist at Yale doing research in international finance and macroeconomics, finance, and macroeconomics.
Joined September 2023
What exactly is #geoeconomics? How do nations use this - and why is #USChina competition bringing it to the fore? @chris_d_clayton @YaleSOM discusses geoeconomics and its players with @srijanapiya17 in #ETEvoke 🔗 https://t.co/17DgSbYCU6
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Honored to receive the Kiel Excellence Award and very much look forward to the conference next week!
🏆One week to go! Four outstanding young economists will be honored with the 2025 Excellence Awards at our flagship Kiel-CEPR Conference on Geoeconomics - recognizing work in trade, finance, macroeconomics, development, & geoeconomics👉 https://t.co/NZsYx0B2N4
@YaleSOM
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How do nations use economic power to shape the world? In a new Q&A, Yale’s Christopher Clayton, a pioneer in the field of "geoeconomics," explains how countries deploy tools like sanctions and loans to influence global politics — and what happens when they push those tools too
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GCAP, the Stanford Business, Government, and Society Initiative, and the Review of Financial Studies will convene a research conference on the geoeconomics of financial markets at @StanfordGSB on May 15, 2026 Call for papers: https://t.co/miZWlG7kQP More details in 🧵
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Governments use their countries’ economic strength from financial and trade relationships to achieve geopolitical and economic goals. We provide a framework of the sources and uses of geoeconomic power. Mixing macro theory and international relations. https://t.co/RBRjF417M5
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The Economist covers our research agenda on geoeconomics: “Christopher of Yale School of Management, Matteo Maggiori of Stanford University and Jesse Schreger of Columbia Business School. They are seeking to apply the modern toolkit of economics to geopolitics”
Hegemons should care about even puny countries
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Introducing a methodology using large language models to systematically extract signals of geoeconomic pressure from large textual corpora and analyzing the ongoing trade war, from @chris_d_clayton, @acoppola4, @m_maggiori, and @jschreger
https://t.co/nZaDEiRhJM
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How concepts of power in political science and economics can guide geoeconomics research and show coercive economic threats can be understood with basic economic tools, from @chris_d_clayton, @m_maggiori, and @jschreger
https://t.co/QNjQs2bTGe
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Very excited about this new paper. Using LLMs to analyze at scale and in near real time how firms are reacting to tariffs, export controls, and sanctions. We’ll update this frequently. Early draft, but if you want a sneak preview i’ll talk about this at 4:30pm PT today during
New paper on "Geoeconomic Pressure" leverages LLMs to measure the effect of tariffs, export controls, and sanction on firms worldwide". We find a massive increase in 2025 Q1 in tariffs (thread follows)
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New paper on "Geoeconomic Pressure" leverages LLMs to measure the effect of tariffs, export controls, and sanction on firms worldwide". We find a massive increase in 2025 Q1 in tariffs (thread follows)
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New GCAP paper “Putting Economics Back Into Geoeconomics” in @FT article by @gilliantett this morning. By @chris_d_clayton @m_maggiori @JSchreger Article: https://t.co/WIpewJFGf4 Paper: https://t.co/8ufNDPu79Q GCAP research: https://t.co/GRmoJOCDcG
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Exploring the role of political economy forces in bolstering or constraining a country's geoeconomic power, from @chris_d_clayton, @m_maggiori, and @jschreger
https://t.co/vHSl2aUCRQ
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A model of economic security policies and the resulting risk of fragmentation. Estimates of geoeconomic power of the US and China and application to the global payment system, from @chris_d_clayton, @m_maggiori, and @jschreger
https://t.co/RPRiGHMub6
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Forthcoming in the AER: "Internationalizing Like China" by Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, and Jesse Schreger.
aeaweb.org
(March 2025) - We empirically characterize how China is internationalizing its bond market by staggering the entry of different types of foreign investors into its domestic market and propose a...
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GCAP collaborator @chris_d_clayton will present "A Theory of Economic Coercion and Fragmentation" (joint with @m_maggiori and @JSchreger) at @nberpubs Economic Fluctuations and Growth today at 2:45pm CT. Program: https://t.co/8WXnmV54cD Watch here:
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Forthcoming in the AER: "A Theory of Dynamic Inflation Targets" by Christopher Clayton and Andreas Schaab.
aeaweb.org
(February 2025) - Should central banks' inflation targets remain set in stone? We study a dynamic mechanism design problem between a government and a central bank. The central bank has persistent...
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New Lecture on New Topic: Geoeconomics With @chris_d_clayton @JSchreger Slides: https://t.co/qjFejyuIfP Videos: https://t.co/Xrekq5HHJw
https://t.co/YZ3SDN3MS2 Papers: https://t.co/7bMmXg0q85
https://t.co/do3MAsoSMN
We have a new lecture on Geoeconomics, covering the theory and empirics of economic coercion and fragmentation, by @chris_d_clayton @m_maggiori and @JSchreger. Watch here:
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Understanding the sources of geoeconomic power: how it is used, which sectors are strategic, and what are its limitations, from Christopher Clayton, @m_maggiori, and @jschreger
https://t.co/od3AjJGmh9
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