, we find effects around three times as strong for country pairs associated with small import shares, and a zero effect for … large import shares. Our results imply that conventional homogeneous currency union estimates do not provide helpful …

. Firms import intermediate inputs from home or foreign suppliers, but with higher costs in the latter case. Due to fixed … the model with newly-compiled monthly aggregate U.S. import data and industrial production data going back to 1962, and …

United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import … import shares in consumer expenditure. This effect is driven by both direct consumption of imported goods and the use of … imported inputs in domestic production. Our results are consistent with complete pass-through of import costs to consumer …

How does import protection affect export performance? In trade models with scale economies, import liberalization can … reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US … export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting …