… US presidential election, protectionism has been on the rise … the macroeconomic effects of
protectionism. In the first part of … variety of checks): protectionism is recessionary, inflationary, …

… Moreover, protectionism has at best a small positive effect on … the channels through which
protectionism affects aggregate … the scenarios we consider, protectionism is not an effective …

… We show that protectionism is not a suitable instrument to smooth business cycle fluctuations.
Buy-American, by ignoring cheap foreign products, concentrates the stimulus on relatively …

… resulting from US Presidents designing protectionist policies on behalf of the steel industry;
… political business cycle for its effect on steel prices. We find that trade protectionism does not …

… A League of Nations conference convened in 1930 to avert a cycle of protectionism broke
down. In 1931 there was an accelerated deterioration in global trade and a “chaotic scramble …

… I document this new stylized fact with a panel of data covering over 60 countries and 30
years, using eighteen measures of protectionism and seven of business cycles. I also provide …

… on hegemony, business cycles, war shocks and … protectionist pendulums swinging back
and forth in tune to pushes from external conflict and the deterioration of the business cycle…

… business cycles and asset prices bubbles. Although this situation was originated in the
US, globalization in good and financial markets has helped propagated this US boom-bust …

… I document this new stylised fact with a panel of data covering over 180 countries and 40
years, using over a dozen measures of protectionism and six of business cycles. I test and …

… We underscore the critical importance of rejecting protectionism and not turning inward in
times of financial uncertainty. In this regard, within the next 12 months, we will refrain from …