Federal Reserve Bank of Cleveland: 'Tariffs and Goods-Market Search Frictions'
January 18, 2025
January 18, 2025
CLEVELAND, Ohio, Jan. 18 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-03) on January 16, 2025 by Pawel M. Krolikowski and Andrew H. McCallum entitled "Tariffs and Goods-Market Search Frictions."
Here are excerpts:
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We study uniform tariffs in a general equilibrium dynamic model with search frictions between heterogeneous exporting producers and importing retailers. We analytically characterize uni . . .
Here are excerpts:
* * *
We study uniform tariffs in a general equilibrium dynamic model with search frictions between heterogeneous exporting producers and importing retailers. We analytically characterize uni . . .