MACROECONOMI C
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MACROECONOMI C CONSEQUENCES OF TARIFFS Davide Furceri, Swarnali A. Hannan, Jonathan D. Ostry and Andrew K. Rose
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MACROECONOMI
C CONSEQUENCES
OF TARIFFS
Davide Furceri,
Swarnali A. Hannan,
Jonathan D. Ostry
and Andrew K. Rose
October 2018
Abstract
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 als...
Exam (elaborations)
MACROECONOMI C CONSEQUENCES OF TARIFFS Davide Furceri, Swarnali A. Hannan, Jonathan D. Ostry and Andrew K. Rose
Last document update:
ago
MACROECONOMI C CONSEQUENCES OF TARIFFS Davide Furceri, Swarnali A. Hannan, Jonathan D. Ostry and Andrew K. Rose October 2018 Abstract 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 als...
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