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dc.contributor.authorWhalley, Johnen
dc.contributor.authorYu, Junen
dc.contributor.authorZhang, Shunmingen
dc.date.accessioned2009-02-26-
dc.date.accessioned2009-07-28T08:48:27Z-
dc.date.available2009-07-28T08:48:27Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/26571-
dc.description.abstractWe explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and retaliatory trade policy towards goods can affect these and monetary trade models show different retaliatory trade outcomes from conventional goods only models. We use a general equilibrium goods trade model which also captures trade through time in the form of inside money as used in macro literature on one good overlapping generations models. In this model the deficit or surplus of any country in goods trade is endogenous determined. Optimal trade policy differs from that in a conventional goods only trade model in that countries which run trade deficits in goods will have more strategic power through tariff policy (and surplus countries less) than in models with balanced trade. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 data. Results show the significant impacts on Nash outcomes of endogenizing the Chinese trade surplus in the model in this way.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2526en
dc.subject.jelF13en
dc.subject.ddc330en
dc.subject.keywordInside moneyen
dc.subject.keywordgeneral equilibriumen
dc.subject.keywordNash equilibriumen
dc.subject.keywordnumerical analysisen
dc.subject.keywordtariff rateen
dc.subject.stwRetorsionsmaßnahmeen
dc.subject.stwZolltarifen
dc.subject.stwAußenwirtschaftstheorieen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwGelden
dc.subject.stwFinanzintermediären
dc.subject.stwOverlapping Generationsen
dc.subject.stwTheorieen
dc.subject.stwZollpolitiken
dc.subject.stwSpieltheorieen
dc.subject.stwNash-Gleichgewichten
dc.subject.stwChinaen
dc.titleTrade retaliation in a monetary-trade model-
dc.typeWorking Paperen
dc.identifier.ppn592668819en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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