exporters can experience welfare gains during a pandemic, while net importers can be significantly hurt. The welfare losses of …

escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare … tariff in either sector boosts the size and productivity of that sector, raising welfare. While these forces are reinforced … potential productivity benefits. The welfare benefits of final-good tariffs thus tend to be larger, with the optimal degree of …

cross-country data and quantify dynamic trade policies and their attendant welfare implications …

employment during the same period; and (iii) the recent trade war generated welfare losses, had small employment effects, and was …

production costs), and worse geography (in terms of more remoteness from other countries). We show that, in a global welfare … all countries, but especially in disadvantaged ones. This would not only restore efficiency but also reduce welfare …