We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …

inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …

This paper analyzes some aspects of the effects of trade restrictions (such as tariffs, quotas and quality controls … reasonable characterizations of demand - tariffs are shown to dominate quotas on the basis of their revenue effects alone, while … quotas are shown to dominate tariffs on the basis of their quality effects alone. Also, quality controls are shown to …

. If ad valorem tariffs or subsidies are considered, a subsidy is optimal if the elasticity of demand increases as … and in imposing tariffs on imports from imperfectly competitive foreign firms. Although the optimal response to foreign … monopoly is usually a tariff, a specific subsidy will be optimal if demand is very convex, as with constant elasticity demand …

After the Civil War, Congress justified high import tariffs (relative to their prewar levels)" as necessary in order to …" proposed a tariff reduction to reduce customs revenue, the Republicans offered higher tariffs to" reduce imports and customs … results indicate that the tariff and the price elasticity of U.S. import demand during the 1880s below the maximum revenue …

Uniform tariffs have become increasingly popular in recent years, yet their economic rationale is not strong. We … regime than under a regime in which tariffs are allowed to differ. Second, an input-price effect may dampen the enthusiasm of …

. The results reveal a striking asymmetry: a tariff reduction is immediately passed through to consumer prices with no … impact on the import price, whereas about 40 percent of a tariff increase is passed through to consumer prices and 60 percent …

in import tariffs, and we apply this method to the United States. Tariff revenue is assumed to be distributed on a per …-capita basis, so states with greater production will experience a welfare gain from tariffs on those products (due to rising … states benefitted from reduced tariffs, with national welfare gains of $5.8 billion or $50 per household in 2017. These …