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Tariffs and the Macroeconomy: Evidence from the USA

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Listed:
  • Jonathan D. Ostry
  • Andrew K. Rose

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) .

Suggested Citation

  • Jonathan D. Ostry & Andrew K. Rose, 1989. "Tariffs and the Macroeconomy: Evidence from the USA," International Finance Discussion Papers 365, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgif:365
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Foreign exchange rates; Balance of trade; Tariff;
    All these keywords.

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