This paper studies the effects of unexpected changes in trade policy uncertainty (TPU) on
the US economy. Three measures of TPU are constructed using newspaper coverage, firms' …

Abstract On June 23, 2016, the United Kingdom voted to leave the European Union. The
trade policies that will replace EU membership are uncertain, however, and speculation …

We study the macroeconomic consequences of tariffs. We estimate impulse response
functions from local projections using a panel of annual data that spans 151 countries over …

We present two new databases we have constructed to explore the electoral consequences
of structural economic policy reforms. One database measures reforms in domestic finance …

We examine the interaction of economic and policy uncertainty in a dynamic, heterogeneous
firms model. Uncertainty about foreign income, trade protection, and their interaction …

Using monthly data on temporary trade barriers (TTBs), we estimate the dynamic
employment effects of protectionism through vertical production linkages. First, exploiting …

This study empirically investigates to ascertain the impact of trade protection vis-à-vis border
closure policy on manufacturing sector in Nigeria between January 2018 and June 2021 …

We study the robustness of the Lerner symmetry result in an open economy New Keynesian
model with price rigidities. While the Lerner symmetry result, ie the absence of allocative and …

We examine the interaction of economic and policy uncertainty in a dynamic, heterogeneous
firms model. Uncertainty about foreign income, trade protection and their interaction …

This paper shows that the outcome of trade wars for tariffs and welfare will be affected by the
monetary policy regime. The key message is that trade policy interacts with monetary policy …