Long-Run Effects of Trade Wars
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https://www.nber.org/papers/w33702
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This short note shows that accounting for capital adjustment is critical when analyzing the long-run effects of trade wars on real wages and consumption. The reason is that trade wars increase the relative price between investment goods and labor by taxing imported investment goods and their inputs.
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美国国家经济研究局创建时间：
2025-04-01
