International Trade and Investment.

• Position: Program and Working Group Meetings

The NBER's Program on International Trade and Investment, directed by Robert Feenstra of the University of California, Davis, met in Washington, D.C. on March 28 and 29, 2014. NBER researchers David Richardson of Syracuse University, and Matthew Slaughter of Dartmouth College organized the meeting. These papers were discussed:

* Brian Cadena, University of Colorado, Boulder, and Brian Kovak, Carnegie Mellon University and NBER, "Immigrants Equilibrate Local Labor Markets: Evidence from the Great Recession" (NBER Working Paper No. 19272)

* Jose Fillat, Federal Reserve Bank of Boston; Stefania Garetto, Boston University; and Lindsay Oldenski, Georgetown University, "Diversification, Cost Structure, and the Risk Premium of Multinational Corporations"

* Anca Cristea, University of Oregon; David Hummels, Purdue University and NBER; and Brian Roberson, Purdue University, "Estimating the Gains from Liberalizing Services Trade: The Case of Passenger Aviation"

* Jennifer...