Search Results

Showing results 1 to 1 of approximately 1.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Trade Policy Uncertainty 

Working Paper
The Economic Effects of Trade Policy Uncertainty

We study the effects of unexpected changes in trade policy uncertainty (TPU) on the U.S. economy. We construct three measures of TPU based on newspaper coverage, firms' earnings conference calls, and aggregate data on tari rates. We document that increases in TPU reduce investment and activity using both firm-level and aggregate macroeconomic data. We interpret the empirical results through the lens of a two-country general equilibrium model with nominal rigidities and firms' export participation decisions. In the model as in the data, news and increased uncertainty about higher future ...
International Finance Discussion Papers , Paper 1256

FILTER BY Content Type

FILTER BY Jel Classification

C1 1 items

D22 1 items

D80 1 items

E12 1 items

E32 1 items

F13 1 items

show more (2)

FILTER BY Keywords

PREVIOUS / NEXT