Working Paper
Tariffs and the Macroeconomy: Evidence from the USA
Abstract: This paper examines the macroeconomic impact of tariffs. The effects of unilateral tariff changes are reviewed in a variety of theoretical models. Three different sets of data are consistent with the hypothesis that tariff rates have no significant effect on a system consisting of the real exchange rate, the real trade balance, and real output (both foreign and domestic) .
Keywords: Foreign exchange rates; Balance of trade; Tariff;
Status: Published in International Finance Discussion Papers
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Authors
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: International Finance Discussion Papers
Publication Date: 1989-11
Number: 365