.S. auto tariffs. The second analyzes a 'transactional deal' between the U.S. and China to close their bilateral deficit. The … third, in the absence of such a deal, considers a potential escalation in bilateral tariffs between the two countries. 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 …

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 …

how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model … generated. In particular “equilibrium overshooting” can be observed. Precise conditions under which a temporary import tariff …

tariffs, and imports at the HS-6 digit level for 58 developing countries, and simulates results for different sets of import … of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied …

-CARICOM countries against time and commodity-level variation in external tariffs. I find that in each country the reduction of the …

This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear … the hypothesis that tariffs have no statistically significant impact on the trade balance, the real exchange rate, or the …

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 …

. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately … international asset markets. Direct pass-through of tariffs and subsidies to prices and slow exchange rate adjustment can also …