Donald Trump’s victory in the recent US presidential election has re-ignited a debate over the macroeconomic effects of tariffs and the appropriate monetary policy response. This column argues that even if there is broad agreement that new tariffs would likely be inflationary for the US, the current situation presents various factors which suggest that it might be optimal for policy to focus more on the inefficient fall in output. The results of the recent US presidential election re-ignited a

Tag-uri: Inflatie Donald Trump