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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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horizon of the workers. Unskilled workers in the unskilledintensive sector are the ones most in favor of protectionism and …
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