全球智库信息集成服务系统(G2TT): To What Extent Are Tariffs Offset By Exchange Rates?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27654
来源ID	Working Paper 27654
	To What Extent Are Tariffs Offset By Exchange Rates?
	Olivier Jeanne; Jeongwon Son
发表日期	2020-08-10
出版年	2020
语种	英语
摘要	In theory, we should expect tariffs to be partially offset by a currency appreciation in the tariff-imposing country or by a depreciation in the country on which the tariff is imposed. We find, based on a calibrated model, that the tariffs imposed by the US in 2018-19 should not have had a large impact on the dollar but may have significantly depreciated the renminbi. This prediction is consistent with a high-frequency event analysis looking at the impact of tariff-related news on the dollar and the renminbi. We find that tariffs explained at most one fifth of the dollar effective appreciation but around two thirds of the renminbi effective depreciation observed in 2018-19.
主题	International Economics ; International Finance ; International Macroeconomics
URL	https://www.nber.org/papers/w27654
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585326
推荐引用方式 GB/T 7714	Olivier Jeanne,Jeongwon Son. To What Extent Are Tariffs Offset By Exchange Rates?. 2020.