Kehoe and colleagues argue that the decline in U.S. manufacturing employment is primarily driven by sectoral productivity disparities and shifts in consumption linked to foreign borrowing, rather than trade imbalances alone.

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 (3)

• U.S. location
• trade balance concept
• consumption concept