Trade Policy Uncertainty
117 Citations•2022•
Kyle Handley, Nuno Limão
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Abstract
<jats:p> Trade policy uncertainty (TPU) has become an important source of economic uncertainty and research. We review the main sources and measures of TPU. We then provide a conceptual framework for modeling TPU and methods for estimating and quantifying its effects. We analyze its role in trade agreements and discuss open questions for future research. </jats:p><jats:p> </jats:p>