Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy …

We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining … theory-consistent and narrative sign restrictions in Bayesian SVARs. We find mostly adverse consequences of protectionism, in … depress trade, investment, and output persistently. The general equilibrium import elasticity is -0.8. Historically, NAFTA …

Industrial prices of goods and services are a function of costs of production and of the mark-up that firms apply on … world prices in domestic currency. We find that, in this respect, the weight attached to world prices is significantly …

same technology, domestic country-wide profits benefit from small import tariffs whereas foreign counterpart is hit …-sector protectionism damages foreign wage whereas it does not affect domestic wage. Except for the special case where sectors share the …

This paper analyzes markup responses of Danish firms to Chinese imports. Besides negative markup responses due to …