Tariffs and the Macroeconomy: Evidence from the USA

Jonathan Ostry and Andrew Rose

No 365, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This paper examines the macroeconomic impact of tariffs. The effects of unilateral tariff changes are reviewed in a variety of theoretical models. Three different sets of data are consistent with the hypothesis that tariff rates have no significant effect on a system consisting of the real exchange rate, the real trade balance, and real output (both foreign and domestic) .

Keywords: Foreign exchange rates; Balance of trade; Tariff (search for similar items in EconPapers)
Pages: 45
Date: 1989-11
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Published in International Finance Discussion Papers

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgif:365

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