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- W3123669135 abstract "Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers do not systematically rise during cyclic downturns; if anything, they tend to fall. I document this new stylized fact with a wide panel of data, using a variety of measures of protectionism and business cycles. I also provide some hints as to why protectionism is no longer counter-cyclic." @default.
- W3123669135 created "2021-02-01" @default.
- W3123669135 creator A5041136137 @default.
- W3123669135 date "2012-04-01" @default.
- W3123669135 modified "2023-09-27" @default.
- W3123669135 title "Protectionism Isn't Counter‐Cyclic (anymore)" @default.
- W3123669135 hasPublicationYear "2012" @default.
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