Our voxeu on the importance of global trade, production and finance networks for the macro impact of large tariffs: higher input prices and supply shortages, constrained demand, triggering a costly inflation process: cepr.org/voxeu/column...
cepr.org
Tariffs have returned as instruments of economic and geopolitical policy, but their short- and medium-run macroeconomic effects are still not fully understood. This column introduces a new framework t...
