Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60536
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dc.contributor.authorFaruqee, Hamiden_US
dc.contributor.authorLaxton, Douglasen_US
dc.contributor.authorMuir, Dirken_US
dc.contributor.authorPesenti, Paoloen_US
dc.date.accessioned2012-08-17T14:24:51Z-
dc.date.available2012-08-17T14:24:51Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/60536-
dc.description.abstractIn the evolving analysis of global imbalances, the possibility that countries will resort to increased protectionism is often mentioned but rarely analyzed. This paper attempts to fill that gap, examining the macroeconomic implications of a shift to protectionist policies through the lens of a dynamic general equilibrium model of the world economy that encompasses four regional blocs. Simulation exercises are carried out to assess the consequences of imposing uniform and discriminatory tariffs on trading partners as well as the consequences of tariff retaliation. We also discuss a scenario in which a “globalization backlash” lowers the degree of competition in import-competing sectors, and compare the implications of higher markups in the product and labor markets.en_US
dc.language.isoengen_US
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen_US
dc.relation.ispartofseries|aStaff Report, Federal Reserve Bank of New York |x268en_US
dc.subject.jelE66en_US
dc.subject.jelF32en_US
dc.subject.jelF47en_US
dc.subject.ddc330en_US
dc.subject.keywordcurrent account deficit, multicountry dynamic general equilibrium models, net asset positions, trade policyen_US
dc.subject.stwZahlungsbilanzungleichgewichten_US
dc.subject.stwProtektionismusen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwAußenhandelspolitiken_US
dc.subject.stwWelten_US
dc.titleWould protectionism defuse global imbalances and spur economic activity? A scenario analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn522101666en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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