… Our results suggest that tariff increases have adverse domestic macroeconomic and
distributional consequences. We find empirically that tariff increases lead to declines of output and …

What does the macroeconomy look like in the aftermath of tariff changes? This study estimates
impulse response functions from local projections using a panel of annual data that spans …

… of tariffs. More importantly, we provide the first econometric attempt to assess the macroeconomic
effects of tariffs… We conclude that the important effects of tariffs are not macroeconomic, …

… equally-sized change in import tariff and export subsidy, holds up … Direct pass-through of
tariffs and subsidies to prices and … Finally, we quantify the macroeconomic costs of a trade war …

… In this section, we analyze the macroeconomic effects of an increase in import tariffs and
export subsi$ dies in the home country (IX policy) assuming that other tax policies (BAT, VP) …

In the wake of Brexit and Trump trade war, central banks face the need to reconsider the role
of monetary policy in managing the inflationary-recessionary effects of hikes in tariffs. Using …

… the macroeconomic dynamics of tariffs. The adverse microeconomic effects of tariffs have …
discussion on the effects of tariffs on the macroeconomy. In the mainstream open economy …

… Thus, while the average tariff matters, so too does the finer structure of tariffs across industries.
Yet tariff structure has been entirely absent from the empirical tariffs-and-growth literature. …

… average of the rates at which these tariffs are bound (column 2), and the difference between
this legal binding tariff rate and the MFN applied tariff rate that the country implements over …

… the causal influence of tariffs on other macro variables, whereas the rest of the hypotheses
(H6-H12) are designed to study feedback from the macroeconomy to the average tariff rate. …