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Notes -
Is there an explanation of how they got those numbers as well? The excel offered is static and AFAICT has no additional info above the site. A few questions: Am I reading it correctly that they expect no compounding effect, just one multiplier? How is the GDP effect only -0.6%, if the price level is +2.3%? And Im assuming the GDP effect counts the fiscal revenue already, since otherwise its net-positive.
They use the GTAP model.
They have some notes in the appendix of an earlier version
https://budgetlab.yale.edu/research/fiscal-economic-and-distributional-effects-illustrative-reciprocal-us-tariffs
Thank you.
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