Stephanie Schmitt-Grohe

Professor of Economics @Columbia, Macroeconomics, International Economics, Monetary Economics, Geldpolitik

[Stephanie Schmitt-Grohe @SSchmittGrohe]

Full updated dataset for quarterly US import tariff rates (through 2025Q4) are available here:
https://t.co/DBEw8OO8uF

[Stephanie Schmitt-Grohe @SSchmittGrohe]

In 2025Q4, the US trade-weighted import tariff rate stands at 11.4 percent, exceeding Nixon shock by 2.7 percentage points.

[Stephanie Schmitt-Grohe @SSchmittGrohe]

Here is the link to the paper and the data: https://t.co/DBEw8ONAF7

[Stephanie Schmitt-Grohe @SSchmittGrohe]

We are happy to share that our tariff paper is featured on the NBER's homepage today:

[Martin Uribe @MartinUribeEcon]

Here is the link to the data: https://t.co/iPTV4j2mau

[Martin Uribe @MartinUribeEcon]

An alternative to the trade-weighted import tariff rate is the trade restrictiveness index (TRI). We couldn't  find the TRI for the US at a quarterly frequency, so we decided to construct it. We used a balanced panel of 2761 products at the HTS 6-digit level.

[Stephanie Schmitt-Grohe @SSchmittGrohe]

https://t.co/FoowqgVKo5

[Stephanie Schmitt-Grohe @SSchmittGrohe]

Delighted to have received a hard copy of the translation our Our Open Economy Macroeconomics textbook

[Martin Uribe @MartinUribeEcon]

We just posted solutions to exercises of my book ``Open Economy Macroeconomics'' @PrincetonUPress

[Stephanie Schmitt-Grohe @SSchmittGrohe]

You can find the paper and the time series for the estimated shocks here:

https://t.co/vLkUSPKRvB

[Stephanie Schmitt-Grohe @SSchmittGrohe]

We just posted quarterly time series of US import tariff rates and estimate US permanent and transitory import tariff shocks, from 'Transitory and Permanent Import Tariff Shocks in the United States: An Empirical Investigation' at @nberpubs

[NBER @nberpubs]

The majority of US tariff shocks are transitory, non-inflationary, non-contractionary, and not followed by monetary tightening. Tariffs are a minor driver of US business cycles, from Stephanie Schmitt-Grohé and Martín Uribe https://t.co/KbFMoysXnV