Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/188926
Authors: 
Böhringer, Christoph
Rutherford, Thomas F.
Balistreri, Edward J.
Year of Publication: 
2018
Series/Report no.: 
Oldenburg Discussion Papers in Economics V-415-18
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.
Subjects: 
Applied economic analysis
Multi-region models
Trade policy
Monopolistic competition
Trade wars
JEL: 
C68
F12
F17
Document Type: 
Working Paper
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