Bénassy-Quéré, Agnès; Bussière, Matthieu; Wibaux, … - 2018 - May 31, 2018 - first draft
non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …, a country will more likely react to a trade "aggression" through monetary easing rather than through a tariff increase …