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Grossman, Gene M.; Helpman, Elhanan - 2021

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

Bilateralism and Regionalism in Japanese and U.S. Trade and Direct Foreign Investment Patterns

Eaton, Jonathan - 2010

region. We find that features of a country associated with more trade with either Japan or the United States also tend to be … associated with more DFI from Japan or the United States. U.S. economic relations with Japan and Western Europe provide an … important exception. Despite U.S. concern about its trade deficit with Japan, we find Japan to be much more open to the United …

Persistent link: https://www.econbiz.de/10012763473

The Effect of the U.S.-China Trade War on U.S. Investment

Amiti, Mary; Kong, Sang Hoon; Weinstein, David E. - 2022

We develop a new method of quantifying the impact of policy announcements on investment rates that makes use of stock 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...

Persistent link: https://www.econbiz.de/10013307379

On Current Account Surpluses and the Correction of Global Imbalances

Edwards, Sebastian - 2007

realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and …

Persistent link: https://www.econbiz.de/10012777651

Global Imbalances and Policy Wars at the Zero Lower Bound

Caballero, Ricardo J. - 2015

This paper explores the consequences of extremely low real interest rates in a world with integrated but heterogenous capital markets and nominal rigidities. We establish four main results: (i) Liquidity traps spread to the rest of the world through the current account, which we illustrate with...

Persistent link: https://www.econbiz.de/10013013171

Trade Wars and Trade Talks with Data

Ossa, Ralph - 2011

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'S Post Accession WTO Stance

Mallon, Glenda; Whalley, John - 2021

We discuss China's stance in the WTO post-accession, noting the many issues with implementation of China's accession terms by 2007. We evaluate how much benefit China can realistically receive from WTO membership given current problems with dumping actions against China and trade restrictions...

Persistent link: https://www.econbiz.de/10013248436

Trade Wars : What Do They Mean? Why are They Happening Now? What are the Costs?

Mattoo, Aaditya - 2019

How should economists interpret current trade wars and the recent U.S. trade actions that have initiated them? In this paper we offer an interpretation of current U.S. trade actions that is at once more charitable and less forgiving than that typically offered by economic commentators. More...

Persistent link: https://www.econbiz.de/10012871809

The U.S. Japan Trade Imbalance from the Japanese Perspective

Sato, Ryuzo - 2022

By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent …

Persistent link: https://www.econbiz.de/10013324483

The Effects of Fiscal Policy on International Imbalances : Japan and the United States

Helliwell, John F. - 2021

models. For example, switching $50 billion of sustained government spending from the United States to Japan would, in the … third year, improve the U.S. current account by $24 billion and worsen that of Japan by $20 billion. Induced changes in …

Persistent link: https://www.econbiz.de/10013210617