A new paper is out! With @leofeler.com
Paying more and Buying Less: 2025 Tariffs and US household Spending
1) Tariffs passed through 15-20% to retail prices, raising prices 1-2% on affected goods
cepr.org/publications...
cepr.org
DP21471 Paying More and Buying Less: 2025 Tariffs and U.S. Household Spending
This paper estimates the effects of the 2025 U.S. tariffs on household spending using transaction-level data linked to tariff exposure and a tariff sentiment survey. Comparing high versus low tariff-e...