Michael Sposi

3 weeks ago | dallasfed.org | Enrique Garcia |Enrique García |Michael Sposi

In Depth Tariffs are an economic policy tool that attempts to balance competing goals such as raising government revenue, protecting domestic industries by restricting market access and enforcing international trade reciprocity. However, historical evidence from the U.S. shows that achieving these three goals simultaneously is typically not feasible, requiring policymakers to prioritize one or two of them.

Oct 25, 2024 | onlinelibrary.wiley.com | Jun Nie |B. Ravikumar |Michael Sposi

CONFLICT OF INTEREST STATEMENT The authors declare no conflict of interest. REFERENCES , , , & (2022) Imports, exports, and earnings inequality: measures of exposure and estimates of incidence. The Quarterly Journal of Economics, 137(3), 1553–1614. & (2003) Gravity with gravitas: a solution to the border puzzle. American Economic Review, 93(1), 170–192. (1969) A theory of demand for products distinguished by place of production.