IRFS under the tariffs shock on the Small Open and Two-Country HANK.
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posted on 2023-07-31, 17:24 authored by Yujie Yang, Chenxing Zhang, Wenwen HouIRFS under the tariffs shock on the Small Open and Two-Country HANK.
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xlink "> comparedforeign illiquid assetsstimulate economic consumptionlarger economic scalesuffer higher lossescountry representative agentseconomic structureshigher technologywealth distributiontrade wartrade detourtrade barrierstech countrytariff frictionsymmetric economyquality levelpaper impliespaper developsmodel exploreslower costimproving technologyfirst launcherfinally offsetendogenous channeleffective meanscountry hankasymmetrical economyasymmetric economies
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