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Stagflation, a simultaneous increase in inflation and unemployment, is generally thought to result from exogenous oil … shocks. In this paper, we investigate another potential source of stagflation focusing on tariffs. Relying on the estimation …
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The recent U.S. trade policy shift has reignited interest about the macroeconomic effects of import tariffs. In this paper, we examine the impacts of import tariff shocks on U.S. macroeconomic performance using quarterly data from 1989-2017. Relying upon the estimation of structural VAR model...
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This article offers a power theory of value analysis of Wal‐Mart’s contested expansion in the retail business. More specifically, it draws on, and develops, some aspects of the capital as power framework so as to provide the first clear quantitative explication of the company’s power...
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