Showing 1 - 10 of 406
This paper explores the relationship between exchange rate adjustment and trade policy in a simple New Keynesian open economy macro model. We show that movement in exchange rates have a direct implication for trade policy when governments choose tariffs endogenously. In particular, we show that...
Persistent link: https://www.econbiz.de/10012479473
Using monthly data on temporary trade barriers (TTBs), we estimate the dynamic employment effects of protectionism … movements in protectionism exogenous to economic fundamentals. We then use input-output tables to construct measures of … protectionism affecting downstream producers. Finally, we estimate panel local projections using the identified trade-policy shocks …
Persistent link: https://www.econbiz.de/10012481483
Most populist regimes in Latin American countries used trade policy to redistribute income, despite being less efficient than other redistribution schemes such as transfers financed with an income tax. Often, this outcome is attributed to the lack of fiscal capacity in Latin American countries....
Persistent link: https://www.econbiz.de/10012482577
This paper revisits the issue of people's preferences for international trade protection examining survey data from the American National Election Studies. I first show that both an individual's skills and the international trade characteristics of their employment industry affects their trade...
Persistent link: https://www.econbiz.de/10012464020
This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organizations. We formally show that the PFS model predicts that the quantile regression of the...
Persistent link: https://www.econbiz.de/10012464747
In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism …
Persistent link: https://www.econbiz.de/10012465956
Throughout U.S. history, import tariffs have been put on a sustained downward path in only two instances: from the early-1830s until the Civil War and from the mid-1930s to the present. This paper analyzes how the movement toward higher tariffs in the 1820s was reversed for the rest of the...
Persistent link: https://www.econbiz.de/10012466533
We develop a novel model of campaigns, elections, and policymaking in which the ex ante objectives of national party leaders differ from the ex post objectives of elected legislators. This generates a distinction between "policy rhetoric" and "policy reality" and introduces an important role for...
Persistent link: https://www.econbiz.de/10012467673
This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...
Persistent link: https://www.econbiz.de/10012467863
Trade policy depends on the extent to which the government wants to redistribute income as well as on a country's overall factor endowments and their distribution. While the government's desire to redistribute income itself is dependent on asset distribution, it is to a large extent also driven...
Persistent link: https://www.econbiz.de/10012468610