The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. In this …-imported vital intermediate input, such as steel, trigger stagflationary tendencies as characterized by short-run increase in …

The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. This paper …-imported vital intermediate input, such as steel, trigger stagflationary tendencies as characterized by short-run increase in …

President Bush imposed safeguard tariffs on steel in early 2002. Using US input-output tables and a generalized … local labor market's reliance on steel as an input and as part of local production. We find the tariffs did not boost local … difference-in-difference methodology, we analyze the local labor market employment effects of these tariffs depending on the …

In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure … reduction in intermediate and consumption input or output tariffs do not significantly increase their investment rates. However …, firms' investment rate increase strongly in response to a reduction in capital goods input tariffs. Firms do not substitute …

An often-neglected potential negative consequence of tariffs is the impact they may have on the misallocation of factor …-productivity firms to survive, thereby leading to a sub-optimal allocation of resources. This paper explores the impact of tariffs on the … allocation of capital using administrative data from South Africa. We find that tariffs are highly correlated with capital …

Solution (WITS), and selection bias from dropping tariffs when no trade is recorded. I develop a novel interpolation algorithm …

This paper aims to examine the effect of reducing the import tariffs of trading partners on total and individual …

On April 2, 2025, President Trump declared "Liberation Day", announcing broad tariffs to reduce trade deficits and … revive U.S. industry. We analyze the long-term economic impacts of these tariffs through the lens of a trade model that … trading partners do not retaliate, the tariffs could decrease the U.S. trade deficit and improve its terms of trade, yielding …