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In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure … reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However …, firms' investment rate increase strongly in response to a reduction in capital goods input tariffs. Firms do not substitute …
Persistent link: https://www.econbiz.de/10012251365
differential exposure to reductions in capital goods tariffs react in terms of their investment and labor decision. Firms that see … labor share. Reductions in input tariffs are passed through to input prices for all goods. However, only lower prices for …
Persistent link: https://www.econbiz.de/10015048976
This paper first presents a dynamic model that features both real and monetary aspects of international trade and is capable of dealing with both full employment and secular unemployment. The model is then utilized to examine the effect of a tariff on the terms of trade, the trade pattern, real...
Persistent link: https://www.econbiz.de/10015047453
On 24th January 2022, the Chair of AOA announced the need to maintain the good momentum of negotiations and make the best use of the extra time before the next Ministerial Conference begins. In this paper, we examine some of the so-called ‘good momentums’ and the manner these good momentums...
Persistent link: https://www.econbiz.de/10013307296
The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. This paper …
Persistent link: https://www.econbiz.de/10012898633
shocks. In this paper, we investigate another potential source of stagflation focusing on tariffs. Relying on the estimation …
Persistent link: https://www.econbiz.de/10011895126
The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. In this …
Persistent link: https://www.econbiz.de/10011910860
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy …
Persistent link: https://www.econbiz.de/10010338661
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. …
Persistent link: https://www.econbiz.de/10011555189
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%. …
Persistent link: https://www.econbiz.de/10013393556