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This paper explores the macroeconomic effects of trade tariffs in the context of the recent trade conflict between the … trade intensity with China and welfare will decline. However, our study has found that the potential economic consequences …
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We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...
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