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Persistent link: https://www.econbiz.de/10000124021
This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear-cut predictions concerning the co-movement between unilateral tariff changes and a set of macroeconomic variables consisting of the real exchange rate, the trade balance, and the level of...
Persistent link: https://www.econbiz.de/10012781130
Persistent link: https://www.econbiz.de/10005311496
This paper examines the macroeconomic impact of tariffs. The effects of unilateral tariff changes are reviewed in a variety of theoretical models. Three different sets of data are consistent with the hypothesis that tariff rates have no significant effect on a system consisting of the real...
Persistent link: https://www.econbiz.de/10005368441