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The Macroeconomic Consequences of Import Tariffs and Trade Policy Uncertainty
Boer, Lukas - 2024
We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restrictions in Bayesian SVARs. We find mostly adverse consequences of protectionism, in aggregate and across sectors and regions. Tariff...
Persistent link: https://www.econbiz.de/10015058747
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Adding Indonesia to the Global Projection Model
Garcia-Saltos, Roberto - 2009
studying both own-country and cross-country linkages. In this paper, we add Indonesia to a previously estimated small quarterly …
Persistent link: https://www.econbiz.de/10012677488
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Tax Administration Reform and Fiscal Adjustment : The Case of Indonesia (2001-07)
Brondolo, John - 2008
Indonesia's tax reform cum fiscal adjustment experience since 2001. The paper describes Indonesia's fiscal adjustment strategy … priorities are identified for Indonesia's ongoing efforts to strengthen tax administration …
Persistent link: https://www.econbiz.de/10014410921
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Trade in Low Carbon Technologies: The Role of Climate and Trade Policies
Pienknagura, Samuel - 2024
Curbing carbon emissions to meet the targets set in the Paris Agreement requires the deployment of low carbon technologies (LCTs) at a global scale. This paper assesses the role of climate and trade policies in fostering LCT diffusion through trade. Leveraging a comprehensive database of climate...
Persistent link: https://www.econbiz.de/10015058542
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The Pitfalls of Protectionism: Import Substitution vs. Export-Oriented Industrial Policy
Cherif, Reda - 2024
Industrial policies pursued in many developing countries in the 1950s-1970s largely failed while the industrial policies of the Asian Miracles succeeded. We argue that a key factor of success is industrial policy with export orientation in contrast to import substitution. Exporting encouraged...
Persistent link: https://www.econbiz.de/10015058581
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Trade Policy Implications of a Changing World: Tariffs and Import Market Power
Jakubik, Adam - 2023
Economic theory suggests that countries' tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed...
Persistent link: https://www.econbiz.de/10015060015
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Trade Openness and Volatility
Levchenko, Andrei A. - 2008
This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is...
Persistent link: https://www.econbiz.de/10012677612
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Value of WTO Trade Agreements in a New Keynesian Model
Ganelli, Giovanni; Tervala, Juha - International Monetary Fund (IMF) - 2015
We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the traditional trade policy point of view. We show that in a New Keynesian model, unilateral trade liberalization reduces welfare due to terms-of-trade deterioration, creating an...
Persistent link: https://www.econbiz.de/10011242404
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The Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?
Isnawangsih, Agnes; Klyuev, Vladimir; Zhang, Longmei - International Monetary Fund (IMF) - 2013
, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …
Persistent link: https://www.econbiz.de/10010790382
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The Growth Comeback in Developing Economies; A New Hope or Back to the Future?
Bluedorn, John C; Duttagupta, Rupa; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2013
Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger...
Persistent link: https://www.econbiz.de/10011242243