Macroeconomic Consequences of Tariffs

Macroeconomic Consequences of Tariffs
Author: Davide Furceri
Publisher: International Monetary Fund
Total Pages: 57
Release: 2019-01-15
Genre: Business & Economics
ISBN: 1484390067

Download Macroeconomic Consequences of Tariffs Book in PDF, Epub and Kindle

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result in more unemployment, higher inequality, and real exchange rate appreciation, but only small effects on the trade balance. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we complement our analysis with industry-level data.


Macroeconomic Consequences of Tariffs
Language: en
Pages: 57
Authors: Davide Furceri
Categories: Business & Economics
Type: BOOK - Published: 2019-01-15 - Publisher: International Monetary Fund

GET EBOOK

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 co
Macroeconomic Consequences of Tariffs
Language: en
Pages: 54
Authors: Davide Furceri
Categories: Industrial productivity
Type: BOOK - Published: 2018 - Publisher:

GET EBOOK

We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 co
The Macroeconomic Effects of Trade Tariffs
Language: en
Pages: 54
Authors: Jesper Lindé
Categories: Business & Economics
Type: BOOK - Published: 2017-07-10 - Publisher: International Monetary Fund

GET EBOOK

We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real
The Macroeconomic Consequences of Import Tariffs and Trade Policy Uncertainty
Language: en
Pages: 76
Authors: Lukas Boer
Categories: Business & Economics
Type: BOOK - Published: 2024-01-19 - Publisher: International Monetary Fund

GET EBOOK

We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restri
Tariffs and the Macroeconomy
Language: en
Pages: 98
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 1989-09-08 - Publisher: International Monetary Fund

GET EBOOK

This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear-cut predictions concerning the co-movement between uni