Centre for Economic Policy Research @cepr.org · Jun 19 1 / 3
Day 1 of the second Economic Policy: Papers on European and Global Issues Conference is done in VIU The theme "Globalisation and Fiscal Populism" opened with remarks from Managing Editor Şebnem Kalemli-Özcan, followed by two research presentations. Follow the livestream: ow.ly/qnLe50ZezeM
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📘 Tariffs, Uncertainty, and the Exchange Rate Alfonso Merendino & Tommaso Monacelli (Bocconi University & CEPR) The paper showed that unexpected U.S. tariff hikes can depreciate the exchange rate — the opposite of the textbook prediction — depending on how much trade-policy uncertainty prevails.