Abstract
Abstract Temporary movements in the average tariff rate for a country can lead to intertemporal substitution effects. A five-country model of tariff movements is estimated in a generalized system. The tariff formation process follows a random walk for the United Kingdom, Denmark, Sweden, and France, which implies that tariff changes can be viewed as permanent in those countries. However, in Switzerland the cumulative impulse responses to a tariff shock imply not only shock persistence, but shock magnification.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
