Tuesday, December 31, 2019

George H. W. Bush would say, "Tariffs, bad."


Aaron Flaaen and Justin Pierce, two economists for the Fed, find that tariffs decrease employment and raise prices (Flaaen, Aaron, and Justin Pierce (2019). “Disentangling the Effects of the 2018-2019 Tariffs on a Globally Connected U.S. Manufacturing Sector,” Finance and Economics Discussion Series 2019-086. Washington: Board of Governors of the Federal Reserve System, https://doi.org/10.17016/FEDS.2019.086).

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