We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …

After the Civil War, Congress justified high import tariffs (relative to their prewar levels)" as necessary in order to …" proposed a tariff reduction to reduce customs revenue, the Republicans offered higher tariffs to" reduce imports and customs …

and in imposing tariffs on imports from imperfectly competitive foreign firms. Although the optimal response to foreign …. If ad valorem tariffs or subsidies are considered, a subsidy is optimal if the elasticity of demand increases as …. Noncooperative international policy equilibrium will be characterized by export cartels and rent-extracting tariffs …

This paper analyzes some aspects of the effects of trade restrictions (such as tariffs, quotas and quality controls … reasonable characterizations of demand - tariffs are shown to dominate quotas on the basis of their revenue effects alone, while … quotas are shown to dominate tariffs on the basis of their quality effects alone. Also, quality controls are shown to …

inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …

financial crisis without an outbreak of retaliatory market closing. The threat of large retaliatory tariffs and fears of a 1930s … style downturn in trade have been associated with numerical trade modelling which project post retaliation optimal tariffs … upward bias to optimal tariffs, both first step and post retaliation, relative to alternative homogenous good models used in …

What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a …