Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy
Alberto Cavallo is the Edgerley Family Associate Professor at Harvard Business School, a Faculty Research Fellow at the NBER, and a member of the Technical Advisory Committee of the US Bureau of Labor Statistics (BLS). He co-founded the Billion Price Project, the PriceStats company and also created Inflacion Verdadera. He published in top journals, including the American Economic Review, American Economic Journal, Quarterly Journal of Economics, et al.
We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy -- particularly the tariffs placed on imports from China -- on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the US. In contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.
【讲座时间】：2019.10.10 星期四 12:30-14:30
【主 持 人】：汤珂教授