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The 2008 financial crisis did not precipitate global retaliatory trade intervention, in seeming contrast to the Great Depression in 1930s. This paper discusses the influence of model structure in optimal tariff (OT) calculations in explaining this puzzle. We emphasize how earlier literature...
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tariffs ; retaliation ; tariff wars ; heterogeneous firms ; World Trade Organization ; Nash equilibrium …
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. Through our projects, China's foremost economic experts share their insights with the world, generating innumerable original …, promote informed decision-making, and bridge the communication gap between China and the rest of the world on economic matters …Introduction -- Chapter 1 Keynote speech & Dialogue: Global Financial Turbulence and Changes in the World Order …
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