Macroeconomic Consequences of Tariffs

Macroeconomic Consequences of Tariffs
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines in domestic output and productivity. Tariff... READ MORE...

Publication date: January 2019
ISBN 9781484390061
$18.00

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