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The Macroeconomic Effects of Tariffs: Insights from 180 Years of U.S. Trade Policy

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NBER2026-04-01 更新2026-04-25 收录
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We study the macroeconomic effects of tariff policy using U.S. historical data from 18402024. We construct a narrative series of plausibly exogenous tariff changes based on major legislative actions, multilateral negotiations, and temporary surcharges and use it as an instrument to identify a

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2026-04-01
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