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This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is...
Persistent link: https://www.econbiz.de/10012677612
We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restrictions in Bayesian SVARs. We find mostly adverse consequences of protectionism, in aggregate and across sectors and regions. Tariff...
Persistent link: https://www.econbiz.de/10015058747
This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs where tariff rates are higher on intermediate inputs and...
Persistent link: https://www.econbiz.de/10005825855
Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for … policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring … setting. While trade linkages with Brazil are significant for the Southern Cone countries (Argentina, Bolivia, Chile, Paraguay …
Persistent link: https://www.econbiz.de/10009618584
14 in Brazil using a social security reform as a source of exogenous variation in household income. Estimates imply that …
Persistent link: https://www.econbiz.de/10012677675
Intro -- Contents -- I. INTRODUCTION -- II. ACE TAX SYSTEMS -- III. ACE SYSTEMS IN PRACTICE -- IV. PREVIOUS ANALYSES OF ACE TAX SYSTEMS -- V. THE BRAZILIAN ACE VARIANT -- VI. CONCLUSION -- Appendix I. Effective Tax Rates -- REFERENCES.
Persistent link: https://www.econbiz.de/10012690981
Persistent link: https://www.econbiz.de/10012690983
Intro -- Contents -- I. INTRODUCTION -- II. THE EXTERNAL ADJUSTMENT -- III. THE EQUILIBRIUM EXCHANGE RATE IN BRAZIL …
Persistent link: https://www.econbiz.de/10012690990
Persistent link: https://www.econbiz.de/10012691015
Intro -- Contents -- I. INTRODUCTION -- II. DEBT SUSTAINABILITY ANALYSIS AND RISK -- III. DEBT DYNAMICS AND THE CONDUCT OF FISCAL POLICY -- IV. RISKS TO DEBT SUSTAINABILITY IN FIVE EMERGING MARKET ECONOMIES -- V. CONCLUSION -- Appendix -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691046