Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/182543
Authors: 
Mohammed, Mikidadu
Year of Publication: 
2018
Abstract: 
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.
Subjects: 
import tariff shocks
steel
stagflation
structural VAR
JEL: 
F1
F14
C3
Document Type: 
Working Paper
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