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Tariff Wars and Net Foreign Assets

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NBER2025-05-01 更新2025-05-10 收录
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https://www.nber.org/papers/w33743
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This paper examines whether and how international financial claims can be honored without default once a trade war erupts. Using a two-country two-good model, we study how unanticipated tariffs revalue international assets and how the outcome depends on ex-ante gross asset positions. When gross
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2025-05-01
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