Martínez-García, Enrique; Sposi, Michael - In: Latin American journal of central banking : LAJCB 7 (2026) 1, pp. 1-24
U.S. tariff policy has historically balanced competing goals-revenue, protection, and reciprocity. Policy priorities have shifted over time in response to changing economic and political conditions. Using a calibrated general equilibrium model, we illustrate these trade-offs through the lens of...