| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15649 |
| DP15649 Divided we Fall: International Health and Trade Coordination during a Pandemic | |
| Ernst-Ludwig von Thadden; Viral Acharya; Zhengyang Jiang; Robert Richmond | |
| 发表日期 | 2021-01-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We analyse the role of international trade and health coordination in times of a pandemic by building a two-economy, two-good trade model integrated into a micro-founded SIR model of infection dynamics. Uncoordinated governments with national mandates can adopt (i) containment policies to suppress infection spread domestically, and (ii) (import) tariffs to prevent infection coming from abroad. The efficient, i.e., coordinated, risk-sharing arrangement dynamically adjusts both policy instruments to share infection and economic risks internationally. However, in Nash equilibrium, uncoordinated trade policies robustly feature inefficiently high tariffs that peak with the pandemic in the foreign economy. This distorts terms of trade dynamics and magnifies the welfare costs of tariff wars during a pandemic due to lower levels of consumption and production as well as smaller gains via diversification of infection curves across economies. |
| 主题 | International Macroeconomics and Finance ; International Trade and Regional Economics ; Public Economics |
| URL | https://cepr.org/publications/dp15649 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544661 |
| 推荐引用方式 GB/T 7714 | Ernst-Ludwig von Thadden,Viral Acharya,Zhengyang Jiang,et al. DP15649 Divided we Fall: International Health and Trade Coordination during a Pandemic. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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