trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an … additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going …

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using … in more unemployment, higher inequality, and real exchange rate appreciation, but only small effects on the trade balance …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …

trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by … documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence … several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some …

of an agreement, which cuts tariffs by one percentage point, is 0.5% to 2% of consumption, much larger than in trade …We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the … traditional trade policy point of view. We show that in a New Keynesian model, unilateral trade liberalization reduces welfare due …

In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure … to a quasi-natural experiment induced by a trade reform in Colombia, we find that firms that have been more exposed to a … reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However …

This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using … tariffs at different stages of the production chain for a broad set of countries and industries. Our results suggest that … tariffs have significant effects on economic outcomes, including on countries and sectors not directly targeted. We find that …

-Uruguay Round applied tariffs and relying on the theoretical framework of the terms-of-trade motive for trade agreements, we …Economic theory suggests that countries’ tariff commitments in trade agreements reflect their import market power at …