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, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …
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This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at...
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applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual … Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal …
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