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protectionism and promoting global trade and investment. Since then, 22 G20 reports and 24 WTO-wide reports have been published. The …
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We simulate a version of the EAGLE, a New Keynesian multi-country model of the world economy, to assess the macroeconomic effects of US tariffs imposed on one country member of the euro area (EA), and the rest of the world (RW). The model is augmented with an endogenous effective lower bound...
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