Do import tariffs generate stagflationary tendencies?
EconStor Preprints from ZBW - Leibniz Information Centre for Economics
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 with sign restrictions, the findings suggest that tariff shocks on net-imported vital intermediate input, such as steel, trigger stagflationary tendencies as characterized by short-run increase in inflation and unemployment and decline in real output.
Keywords: import tariff shocks; steel; stagflation; structural VAR (search for similar items in EconPapers)
JEL-codes: F1 F14 C3 (search for similar items in EconPapers)
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Working Paper: Do Import Tariffs Generate Stagflationary Tendencies? (2019)
Working Paper: Do Import Tariffs Generate Stagflationary Tendencies? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:181674
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