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general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U ….S. auto tariffs. The second analyzes a 'transactional deal' between the U.S. and China to close their bilateral deficit. The … third, in the absence of such a deal, considers a potential escalation in bilateral tariffs between the two countries. Some …
Persistent link: https://www.econbiz.de/10012102091
. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …
Persistent link: https://www.econbiz.de/10012252077
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines … claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition …, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting …
Persistent link: https://www.econbiz.de/10012518909
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per … unit, our model predicts that markups rise with distance and fall with tariffs, but these effects are heterogeneous and are …
Persistent link: https://www.econbiz.de/10012177618
trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by … documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence … several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some …
Persistent link: https://www.econbiz.de/10012154685
We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF's Annual Report on Exchange …-relevant measures of trade policy, and covers an unbalanced sample of up to 157 countries annually between 1949 and 2019. MATR is … strongly correlated with, but more comprehensive than, existing measures of openness and trade policy existing measures. We use …
Persistent link: https://www.econbiz.de/10013170594
good practice and it is necessary to speed up implementation if revenue, trade facilitation, and trade chain security …
Persistent link: https://www.econbiz.de/10014412179
In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...
Persistent link: https://www.econbiz.de/10014395800
the hypothesis that tariffs have no statistically significant impact on the trade balance, the real exchange rate, or the …This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear … real exchange rate, the trade balance, and the level of output. Three different data sets are found to be consistent with …
Persistent link: https://www.econbiz.de/10014396243
commodity taxation (the Ramsey, the inverse elasticity, the Corlett-Hague rules) may no longer be valid; (b) tariffs may replace …
Persistent link: https://www.econbiz.de/10014398497