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. …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

conflict, based both on empirics (ex post analysis) and on simulations (ex ante analysis). Bilateral tariffs have increased on … leads to minor reductions in the tariffs to 16%. The trade conflict has led to a sizeable reduction in trade between the US …

of the bilateral tariffs and non-tariff barriers put in place by the previous administration. Moreover, incentives to … than a vice versa. Indeed, our model indicates that the supply-side reconfiguration to avoid US tariffs accounted for more …

. We estimate a highly flexible demand system to compute household-specific price indexes. The increases in US tariffs on …

Can anti-dumping tariffs increase employment? We compile data on all antidumping (AD) investigations in Brazil matching … upstream ones are not affected. To quantify the aggregate effect of these tariffs, we build a model with international trade ….06%, but they decreased welfare by 2.4%. Using tariffs, the government can increase employment by as much as 2.8%. …