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unilateral climate policies. Embodied carbon tariffs tax the direct and indirect carbon emissions embodied in imported goods. The …, carbon tariffs could substantially extend the reach of OECD climate policies. We investigate this claim by simulating the … effects of embodied carbon tariffs with a computable general equilibrium model of global trade and energy use. We find that …
Persistent link: https://www.econbiz.de/10013067497
available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government … bargaining with domestic SIGs can gain by constraining tariffs through international agreements even if this leads to the use of … indicates NTBs are less efficient than the tariffs they imperfectly replace. Moreover, we find parametric and non …
Persistent link: https://www.econbiz.de/10012757990
preference by economists for factor or product taxes and subsidies over tariffs and export subsidies may not be justified in this …
Persistent link: https://www.econbiz.de/10012760364
uncertain future increases in tariffs. Second, even though the trade response can be quite large, the probability of a tariff …
Persistent link: https://www.econbiz.de/10012868197
) with foreign countries. The resulting trade agreements reduced U.S. tariffs and culminated in the General Agreement on … Tariffs and Trade (GATT) in 1947. Was the Great Depression responsible for bringing about this fundamental shift in U.S. trade …
Persistent link: https://www.econbiz.de/10013216499
This paper describes a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non …, substantially accounts for this pattern. The downstream pattern can be explained by theories where industries lobby for low tariffs …
Persistent link: https://www.econbiz.de/10013321833
literature predicting nonequivalent effects of tariffs and quotas on domestic firms' market power. Robust to a variety of …
Persistent link: https://www.econbiz.de/10013137772
tariffs. Since the eruption of the debt crisis, many proposals for structural reforms in the developing countries have …
Persistent link: https://www.econbiz.de/10013138857
We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a dynamic New Keynesian open economy environment. We perform the analysis under...
Persistent link: https://www.econbiz.de/10013117401
This paper examines the optimal labor contract in a small open economy with incomplete markets under international price uncertainty. The effect on employment, wages, and profits of different realizations of the state of nature is studied and agents' preferences concerning the implementation of...
Persistent link: https://www.econbiz.de/10013124657