Faruqee, Hamid; Laxton, Douglas; Pesenti, Paolo A.; … - National Bureau of Economic Research (NBER) - 2006
In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism. This paper attempts to fill that gap, examining the macroeconomic implications of trade policy changes through the lens of a dynamic general equilibrium model of the world...