The tariff rate that maximizes government revenue may not be the same as the tariff rate that maximizes domestic consumption, which requires accounting for terms-of-trade effects in an alternative consumption-maximizing Laffer curve.

Authors

• Person: Not available Organization: Federal Reserve Bank of Dallas
  U.S. tariff outcomes dependent on trading partner responses

Sources

• U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org Federal Reserve Bank of Dallas via serper

Referenced by nodes (1)

• government revenue concept