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Quantifying Disruptive Trade Policies

Author

Listed:
  • Balistreri, Edward J.

    (Iowa State U)

  • Bohringer, Christoph

    (U of Oldenburg)

  • Rutherford, Thomas F.

    (U of Wisconsin)

Abstract

Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In this paper, we provide quantitative evidence concerning the economic impacts of tariffs implemented by the United States in 2018 and the subsequent retaliations by partner countries. Our analysis builds on a multi-region multi-sector general-equilibrium simulation model of the global economy that includes an innovative monopolistic-competition structure of bilateral representative firms.

Suggested Citation

  • Balistreri, Edward J. & Bohringer, Christoph & Rutherford, Thomas F., 2018. "Quantifying Disruptive Trade Policies," Staff Paper Series 592, University of Wisconsin, Agricultural and Applied Economics.
    • Handle: RePEc:ecl:wisagr:592
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    References listed on IDEAS

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    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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