Quantifying Disruptive Trade Policies

55 Pages Posted: 21 Feb 2019

See all articles by Edward J. Balistreri

Edward J. Balistreri

Iowa State University

Christoph Boehringer

University of Oldenburg

Thomas Rutherford

University of Wisconsin - Madison

Date Written: 2018

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.

Keywords: applied economic analysis, multi-region models, trade policy, monopolistic competition, trade wars

JEL Classification: C680, F120, F170

Suggested Citation

Balistreri, Edward J. and Böhringer, Christoph and Rutherford, Thomas, Quantifying Disruptive Trade Policies (2018). CESifo Working Paper No. 7382, Available at SSRN: https://ssrn.com/abstract=3338711

Edward J. Balistreri (Contact Author)

Iowa State University ( email )

260 Heady Hall
Ames, IA 50011
United States
3032531674 (Phone)

Christoph Böhringer

University of Oldenburg ( email )

Ammerländer Heerstraße 114-118
Oldenburg, D-26111
Germany

Thomas Rutherford

University of Wisconsin - Madison ( email )

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