protection

Publication date: 4 May 2018 | Publication type: National Institute Economic Review | Theme: Macroeconomics | External authors: Slopek, U | JEL classification: E37, F13, F41, F47 | Journal: National Institute Economic Review Issue 244 | Publisher: Sage Publications, London
We modify NiGEM in order to study the macroeconomic effects of imposing import tariffs in the US under different assumptions regarding the long-run price setting behaviour of exporters. Overall, the macroeconomic implications in the US resemble the impact of a cost shock or adverse supply shock as...