was offset by the concurrent appreciation of the US dollar and trace the source of the appreciation back to US trade … 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 …

was offset by the concurrent appreciation of the US dollar and trace the source of the appreciation back to US trade … 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 …

was offset by the concurrent appreciation of the US dollar and trace the source of the appreciation back to US trade … 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 …

The US dollar plays a dominant role in the invoicing of international trade, albeit not an exclusive one as more than …