We study the short-run effects of import tariffs on GDP and the trade balance in an open-economy New Keynesian model with intermediate input trade. We find that temporary tariffs cause a recession ...

🚩 2023/11/1: I have marked some recommended papers with 🌟 (Just my personal preference 😉). 🚩 2023/11/1: I have added a new category : models specifically designed for irregular time series. 🚩 ...