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Le-Rong Li

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Open access Sep 2026

Trade Policy Shocks and Consumer Prices

How do trade policy shocks affect consumer prices? By constructing a novel dataset with both US import prices and barcode‐level consumer prices, I examine the pass‐through of import prices into consumer prices and its heterogeneity across consumers. I find that the pass‐through is incomplete via the direct effect: a...

Le-Rong Li · 0 citations

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