The third-country effects of trade wars

We study how trade wars propagate to countries that are not directly targeted. We develop a three-country New Keynesian model with trade in final and intermediate goods, incompl...

Early report Major update Updated Apr 1, 2026, 9:00 AM UTC

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ECB: The third-country effects of trade wars.

First seen Apr 1, 2026, 9:00 AM UTC Latest source Apr 1, 2026, 9:00 AM UTC

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The third-country effects of trade wars

ECB Publications •published Apr 1, 2026, 9:00 AM UTC •fetched Apr 1, 2026, 11:07 AM UTC