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DTSTART:20260312T123000
DTEND:20260312T134500
DTSTAMP:20260502T014100
SUMMARY:Joint ESM-UNILU Seminar with Prof. Stephanie Schmitt-Grohé (Columbia University)
DESCRIPTION:"The Effects of Transitory and Permanent U.S. Import Tariff Shocks”\n\nAbstract\n\nWe estimate the effects U.S. import tariff shocks. We find that distinguishing between transitory and permanent tariff shocks is important. Transitory tariff increases lower inflation, increase output, and weaken absorption. Permanent tariff increases trigger a one-off increase in the price level but are not contractionary. Consistent with the intertemporal approach, transitory tariff increases improve the trade balance, whereas permanent increases leave it largely unchanged. Tariff shocks are estimated to be minor drivers of U.S. business cycles.\n\nThe estimated effects are shown to be qualitatively consistent with the predictions of an optimizing model with an import-competing sector.\n\nAbout the speaker\n\nStephanie Schmitt-Grohé is a Professor and Director of Graduate Studies.\n\nLanguage\n\nEnglish.\n\nThis is a free seminar. Registration is mandatory.\n\nCold lunches are provided to registered participants.\n\nIn partnership with\n\nThis is a joint event held with the European Stability Mechanism and the Department of Finance of the University of Luxembourg.\n\nLocation: https://www.uni.lu/en/about/campuses/kirchberg-campus/\nRead more: https://www.uni.lu/fdef-en/events/joint-esm-unilu-seminar-with-prof-stephanie-schmitt-grohe-columbia-university/
UID:UL-23191
LOCATION:Kirchberg Campus 6 - rue Richard Couden­­­hove-Kalergi 1359 Luxembourg Luxembourg
URL:https://www.uni.lu/fdef-en/events/joint-esm-unilu-seminar-with-prof-stephanie-schmitt-grohe-columbia-university/
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