to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …, depending on the parameterization. The welfare gain increases in the elasticity of substitution between domestic and foreign …

to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …, depending on the parameterization. The welfare gain increases in the elasticity of substitution between domestic and foreign …

negative direct effect of US tariffs on US imports from China, but (2) do not find evidence for significant short-run trade …

We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining … persistently, in aggregate and across sectors and space. The general equilibrium import elasticity is -0.8. Historically, NAFTA …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … phase-out on electricity and emission prices. Under a tight system, however, investments in conventional generation are …