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Persistent link: https://www.econbiz.de/10011962952
We study the short-run macroeconomic effects of trade policies that are equivalent in a friction-less economy, namely a uniform increase in import tariffs and export subsidies (IX), an increase in value-added taxes accompanied by a payroll tax reduction (VP), and a border adjustment of corporate...
Persistent link: https://www.econbiz.de/10011967395
into China, consistent with recent trade policies by the US and the Chinese governments. We abstract from tariffs on goods … exported from the euro area, focusing on a US-China trade war. A unilateral tariff from the US against China dampens US exports … in line with the Lerner Symmetry theorem but global output contracts. Global output contracts even further after China …
Persistent link: https://www.econbiz.de/10012114768
into China, consistent with recent trade policies by the US and the Chinese governments. We abstract from tariffs on goods … exported from the euro area, focusing on a US-China trade war. A unilateral tariff from the US against China dampens US exports … in line with the Lerner Symmetry theorem but global output contracts. Global output contracts even further after China …
Persistent link: https://www.econbiz.de/10012892097
Fiscal devaluations—an increase in import tariffs and export subsidies (IX) or an increase in value-added taxes and payroll subsidies (VP)—have been shown to provide as much stimulus under fixed exchange rates as a currency devaluation. We find that if agents expect policies to be reversed...
Persistent link: https://www.econbiz.de/10014080810
returned to the global stage. Meanwhile the World Trade Organization (WTO) is facing an existential crisis due to a deadlock in … policies. However, there is no alternative to WTO reform, given that the economic balance in the world has changed - while the … enforcement and dispute settlement mechanism. The EU can act as an 'honest broker' between the USA and China. Establishing an …
Persistent link: https://www.econbiz.de/10012219135
Persistent link: https://www.econbiz.de/10011901133
Persistent link: https://www.econbiz.de/10011963306
concern over the "Trade War" between the US and China. We evaluate the market responses to this event for firms in both … countries, depending on their direct and indirect exposures to US-China trade. US firms that are more dependent on exports to … and imports from China have lower stock and bond returns but higher default risks in the short time window around the …
Persistent link: https://www.econbiz.de/10011927558
Over the last three years, trade tensions between the United States (US) and China have transformed a fairly open …. Continuing bilateral trade tensions between the world's largest economic powerhouse scan be expected to have significant impacts … on the rest of the world. While it is intuitive to conclude that bilateral trade restrictions create new opportunities …
Persistent link: https://www.econbiz.de/10012626310