Inverted Gravity -- by James E. Anderson, Mario Larch, Yoto V. Yotov

We thank Treb Allen, Luca De Benedictis, Jean Hindriks, Ohyun Kwon, Giulia Nevi, Constantinos Syropoulos, Gonzague Vannoorenberghe, and participants at the Philadelphia Trade Group Workshop, 2025, LIDAM Economics Seminar, Louvain-la-Neuve, Mons, 2026, ESB Seminars, Universitas Mercatorum, 2026, for helpful comments on an earlier draft. Claude Code assisted with writing and compressing the original 104-page draft. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.