reducing public revenues, showing that for a small open economy, a cut in tariffs combined with a point-for-point increase in …

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we …

of an agreement, which cuts tariffs by one percentage point, is 0.5% to 2% of consumption, much larger than in trade …

In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure … reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However …, firms' investment rate increase strongly in response to a reduction in capital goods input tariffs. Firms do not substitute …

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 …

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 …