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In light of potential massive increases in tariffs, state and local-level policymakers are interested in understanding the implications for their economy. The REMI Multiregional U.S. (MRUS) model integrates a region that encompasses the entire U.S. economy, and upgrading a REMI model to an MRUS model allows states to conduct state-level economic impacts of national policy. It also enables REMI users to properly model and compare the economic effects of national policies, such as tariffs, between different regions. National monetary policy closures in MRUS models allow users to represent Federal Reserve monetary policy responses. State-level tariff policy modeling demonstrates the impacts of industry protection, price changes along the supply chain, consumer prices, and dynamic behavioral responses to price changes.  

In this session Dr. Frederick Treyz and Chris Judson will demonstrate how the REMI MRUS model can explore the sector-specific and regional impacts of tariff policies. Current REMI clients and anyone interested in tariff policy analysis are encouraged to attend.