direct impact of tariffs on trade flows. …

infinite future. In this paper I analyze the setting of tariffs in a two-country model taking account of adjustment processes … induces policy makers with a short planning horizon to set lower tariffs because it enhances the short run boom following a … cut in tariffs. Monetary policy that aggressively fights deviations from its inflation target leads to even lower tariffs. …

import tariffs on a destination market are associated with less pricing-to-market, whereas non-tariff measures are associated …

trade barriers or tariffs, or as an increase in export subsidies. In this paper, we show that none of these measures … the short run, they are less effective than general government spending impulses. Raising tariffs or trade barriers even …

tariffs on its imports. We consider an environment in which home firm costs are private information but it can signal these …