EconomicsJournal of Policy Modeling
Are tariffs bad for growth? Yes, say five decades of data from 150 countries
D. Furceri, S. A. Hannan, et al.
This compelling research conducted by Davide Furceri, Swarnali A. Hannan, Jonathan D. Ostry, and Andrew K. Rose reveals that increases in import tariffs lead to significant and lasting declines in output growth. Concerns regarding the economic repercussions of ongoing trade wars are thus substantiated.
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