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local labor market shapes their perceptions of the impacts of trade on themselves, others, and on the broader U.S. economy …I study how people understand and reason about trade and which factors shape their views on trade policy. I design and … run large-scale surveys and experiments in the U.S. to elicit respondents' knowledge and understanding of trade. I also …
Persistent link: https://www.econbiz.de/10013210068
We exploit a natural experiment to study the extent to which popular attitudes toward trade are driven by economic … fundamentals. In 2007, Costa Rica put a free trade agreement (FTA) to a national referendum. With a single question on the ballot …
Persistent link: https://www.econbiz.de/10013210086
We develop a dynamic extension of Dornbusch et al. (1977) with "rustiness": the home country has relatively higher unit costs tomorrow for goods it is not producing today. We solve for optimal tariff policy when there is a potential for a crisis: an increase in demand for goods produced abroad....
Persistent link: https://www.econbiz.de/10013334517
Trade policy is set by domestic political bargaining between globalists and protectionists, representing owners of …, protectionists implement high tariffs when status quo tariffs are low. When status quo tariffs are high, reciprocal free trade …- distribution. Consensus emerges for Retreat from free trade when imports are high and domestic transfers are low, suggesting that …
Persistent link: https://www.econbiz.de/10014372419
There are often conflicts between proponents of trade and environmental activists. This paper shows, however, how trade … agreements can be designed so as to motivate environmental conservation. I first analyze a standard trade model, where resource … exploitation (e.g., deforestation) is a trade-specific investment that causes environmental damage. In this model, traditional …
Persistent link: https://www.econbiz.de/10014544671
We examine US workers' employment and earnings before and after trade liberalization with China. Among workers …
Persistent link: https://www.econbiz.de/10014544717
We study the role of trade policy in one of the most pressing climate policy challenges that developing countries face …: meeting voluntary emission restraints (VERs). To do so, we develop a general equilibrium trade model that extends Caliendo and …, we focus on two groups of policies: those that are in the traditional realm of trade policy, related to tariff reform and …
Persistent link: https://www.econbiz.de/10014544737
deviations from that benchmark, trade agreements matter. We focus on environments in which there are market failures, technology … irrelevant, there is no need for trade agreements - free trade is the optimal policy for each country. But under even minimal … domestic contracts and a key determinant of the feasibility and consequences of agreements. With endogenous technology, trade …
Persistent link: https://www.econbiz.de/10014576561
How does the conduct of optimal cross-border financial policy change with prevailing trade agreements? We study the … joint optimal determination of trade policy and capital- flow management in a two-country, two-good model with trade in … welfare by departing from free trade in addition to levying capital controls, absent retaliation from abroad. However, time …
Persistent link: https://www.econbiz.de/10014248000
Perceptions of global supply chains (GSCs) have shifted in recent years from a positive to a more cautious view. Standard GSC measures have mostly not adapted to this change as they focus on participation in, rather than exposure to, foreign supply chains. This paper presents the tools necessary...
Persistent link: https://www.econbiz.de/10013388881