00000nam 2200000za 4500 9.863282 CaOODSP 20250821075111 cr ||||||||||| 181016s2018 onc ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2018-29E-PDF Charbonneau, Karyne. Estimating the impacts of tariff changes [electronic resource] : two illustrative scenarios / by Karyne B. Charbonneau and Anthony Landry. Ottawa : Bank of Canada, c2018. ii, 16 p. Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-29 Cover title. Includes bibliographical references. "We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes. Our framework incorporates the most recent data and shows that the trade elasticities have changed considerably since the 1990s - highlighting the need to use recent data to quantitatively evaluate newly imposed and proposed tariff schedules. We apply our model and use our estimated elasticities to measure the long-run economic impact of the recently announced US tariffs on steel and aluminium and the first round of additional tariffs between the United States and Chine. Our results suggest that modifying the current global tariff schedules would imply considerable changes in trade flows and sectoral reallocations, but modest impacts on long-run output levels."--Abstract, p. ii. Includes abstract in French. International trade Landry, Anthony Emmanuel. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2018-29 (CaOODSP)9.807323 PDF 468 KB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-7-2018-29-eng.pdf