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Macroeconomic effects of tariffs shocks: the role of the effective lower bound and the labour market

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2020

Persistent link: https://www.econbiz.de/10012602292

Macroeconomic effects of tariffs shocks : the role of the effective lower bound and the labour market

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2020

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...

Persistent link: https://www.econbiz.de/10012241231

The international system between new integration and neo-protectionism : [papers presented at the CNR international seminar, World Economic Trends and European Integration, held in...

Baldassarri, Mario (ed.); Imbriani, Cesare (contributor); … - 1996 - 1. publ.

Persistent link: https://www.econbiz.de/10000562034

Protectionism in a liquidity trap

Lechthaler, Wolfgang - 2016

This paper studies the effects of protectionism as a business cycle instrument. In normal times, protectionism reduces … international trade, distorts production and reduces output. However, in a liquidity trap protectionism lowers the real interest …

Persistent link: https://www.econbiz.de/10011488621