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Protectionism Isn't Counter‐Cyclic (anymore)

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NBER2012-05-01 更新2025-01-04 收录
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Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is now inaccurate. In the post-war era, protectionism has not actually moved counter

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2012-05-01
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