Nice post. I was hoping someone had a "shovel-ready" model for this issue.
A question about time. Is this essentially a simultaneous change model? You mention that some of these effects can be taken as longer term results "if prices take time to respond". Well, they do, obviously. And the responses to prices take time, too. And that means downstream economic events and other countries' responses will feed back into the changes from the tariffs. Any thought as to how sensitive your predictions will be to all this?
Nice post. I was hoping someone had a "shovel-ready" model for this issue.
A question about time. Is this essentially a simultaneous change model? You mention that some of these effects can be taken as longer term results "if prices take time to respond". Well, they do, obviously. And the responses to prices take time, too. And that means downstream economic events and other countries' responses will feed back into the changes from the tariffs. Any thought as to how sensitive your predictions will be to all this?