Showing 1 - 10 of 12
our theoretical results to China's 2001 WTO accession, we find that China's tariff reductions exceeded reciprocity norms …We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal …, increasing real incomes but amplifying the manufacturing employment dislocation - the China Shock - in the United States and …
Persistent link: https://www.econbiz.de/10015056161
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …
Persistent link: https://www.econbiz.de/10013361989
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … China would face Non-Normal Trade Relations tariffs in the future. Our findings imply that the expected mean future U ….S. tariff on China rose more under President Biden than under President Trump. We also show that the trade response to the trade …
Persistent link: https://www.econbiz.de/10014486241
This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyze the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than...
Persistent link: https://www.econbiz.de/10014287339
Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each …-for-tat responses between just the US and China would likely leave the dollar's role essentially unchanged. If both countries coordinate …
Persistent link: https://www.econbiz.de/10014322792
that persuading or coercing foreign governments plays in projecting geoeconomic power around the world …
Persistent link: https://www.econbiz.de/10015194998
Monetary and fiscal policies require coordination to achieve desired macroeconomic outcomes. The literature since Leeper (1991) has focused on two regimes: monetary dominance and fiscal dominance. In both cases, one policy is active while the other is passive and accommodates the former. We...
Persistent link: https://www.econbiz.de/10015145074
We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...
Persistent link: https://www.econbiz.de/10013334457
We study the aggregate effects of supply-chain disruptions in the post-pandemic period in a heterogeneous-firm, general equilibrium model with input-output linkages and a rich set of supply chain frictions: uncertain shipping delays, fixed order costs, and storage costs. Firms optimally hold...
Persistent link: https://www.econbiz.de/10013537743
the tariffs on China also export more to other countries. This suggests that firms are entering these countries and once …We investigate the phenomenon of trade re-allocations across countries as a result of the U.S.- China trade war. Using …, including products not targeted by U.S. tariffs on China. We are however the first to ask what seems to drive these trade …
Persistent link: https://www.econbiz.de/10014437053