Bénassy-Quéré, Agnès; Bussière, Matthieu; Wibaux, … - 2018 - May 31, 2018 - first draft
The debate on trade wars and currency wars has re-emerged since the Great recession of 2009. We study the two forms of … non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and …. We find that, in this setting, monetary policy is more stabilizing for the economy than trade policy, except when the …