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It's not: in the formula they posted, phi is the "passthrough from tariffs to import prices". That's where the country's own tariffs are factored in. Or am I re
by davedx 2y ago
It's not: in the formula they posted, phi is the "passthrough from tariffs to import prices". That's where the country's own tariffs are factored in. Or am I reading this wrong?
- agf 2y ago> Parameter Selection > ... The price elasticity of import demand, ε, was set at 4. > ... The elasticity of import prices with respect to tariffs, φ, is 0.25. ...
- javcasas 2y agoThose two letters are Greek! Tariff them! Substitute them with superior American letters, like... you know what you have to do!
- shawabawa3 2y agoYou're reading it wrong because it's nonsense None of the values are related to their names in any way
- aredox 2y agoIt is AI-generated slop. They did no work on this at all.