The Impact of Tariffs on Inflation

Omar Barbiero and Hillary Stein
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Hillary Stein: https://www.bostonfed.org/people/bank/hillary-stein.aspx

No 25-2, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: This brief introduces a new methodology that quantifies how price increases at the border transmit to US consumers. The methodology allows the authors to determine the share of US consumption that would be subject to such increases and to break them down into different country and industry sources. Among other applications, the methodology enables the authors to compute the effects of various tariff plans on consumer price inflation, as tariffs effectively increase the border prices of imported goods.

Keywords: tariffs; inflation; import prices; indirect imports (search for similar items in EconPapers)
JEL-codes: E31 E65 F40 (search for similar items in EconPapers)
Pages: 7
Date: 2025-02-06
New Economics Papers: this item is included in nep-int and nep-mon
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