Khalil, Makram; Strobel, Felix - 2021
policy itself. The dollar response to trade policy uncertainty (TPU) is key to assessing the overall impact of trade policies … featuring financial frictions, which accounts for uncertainty regarding future trade policy. In the model, an increase in TPU … particular for intermediate goods producers, which had been the main target of US trade policy in 2018 and 2019. Overall, we find …