Showing 1 - 10 of 918
of US-China bilateral retaliation on trade flows and welfare. One is a conventional Armington trade model with five … regions, the US, China, EU, Japan and Rest of the World, and calibrated to a global 2009 micro consistent data set. The other … is a modified version of this model with monetary non neutrals and including China's trade surplus as an endogenous …
Persistent link: https://www.econbiz.de/10013120993
market data. By estimating the effect of U.S.-China tariff announcements on aggregate returns and the differential returns of … firms exposed to China, we identify their effect on treated and untreated firms. We show theoretically and empirically that …
Persistent link: https://www.econbiz.de/10013307379
How large are optimal tariffs? What tariffs would prevail in a worldwide trade war? How costly would be a breakdown of international trade policy cooperation? And what is the scope for future multilateral trade negotiations? I address these and other questions using a unified framework which...
Persistent link: https://www.econbiz.de/10013121039
China- and US-centric trade blocs.Institutional subscribers to the NBER working paper series, and residents of developing …
Persistent link: https://www.econbiz.de/10012870722
Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and noncooperative trade relations have focused on governments that are immune from political pressures...
Persistent link: https://www.econbiz.de/10013240527
The patterns of production underlying the recent rise of global value chains (GVCs) have become increasingly complex. NAFTA supply chains, for example, are now deeply integrated: Using Mexican customs data, I find that exports to the U.S. use a much higher share of American inputs than exports...
Persistent link: https://www.econbiz.de/10012869543
The 2008 financial crisis did not precipitate global retaliatory trade intervention, in seeming contrast to the Great Depression in 1930s. This paper discusses the influence of model structure in optimal tariff (OT) calculations in explaining this puzzle. We emphasize how earlier literature...
Persistent link: https://www.econbiz.de/10013001775
We find that Republican candidates lost support in the 2018 congressional election in counties more exposed to trade retaliation, but saw no commensurate electoral gains from US tariff protection. The electoral losses were driven by retaliatory tariffs on agricultural products, and were only...
Persistent link: https://www.econbiz.de/10012859688
The unexpected outbreak of the U.S.-China trade war led to dramatic increases in the import and export tariffs …
Persistent link: https://www.econbiz.de/10013292579
market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …
Persistent link: https://www.econbiz.de/10012863256