a tariff shock is passed through to consumer prices
Read more ↗How Can We Guarantee That Advanced AI Models Stay Aligned With Human Values? Artificial intelligence was harmless when it was just primitive — proposing tunes, creating suggestion emails, or uploading photos. But if AI software is writing code,…
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The Basic Idea: Who Pays the Price? Suppose a nation puts a 10% tariff on imported electronics. The government raises 10% on every imported good, but where the burden ultimately falls depends on price adjustment. If foreign manufacturers…
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