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Quantifying Disruptive Trade Policies

Author

Listed:
  • Christoph Boehringer

    (University of Oldenburg, Department of Economics)

  • Edward Balistreri

    (Iowa State University)

  • Thomas Rutherford

    (University 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

  • Christoph Boehringer & Edward Balistreri & Thomas Rutherford, 2018. "Quantifying Disruptive Trade Policies," Working Papers V-415-18, University of Oldenburg, Department of Economics, revised Nov 2018.
    • Handle: RePEc:old:dpaper:415
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Applied econimic analysis; Multi-region models; Trade policy; Monopolistic competition; Trade wars;
    All these keywords.

    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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