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来源类型Working Paper
规范类型报告
DOI10.3386/w12704
来源IDWorking Paper 12704
Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
Hamid Faruqee; Douglas Laxton; Dirk Muir; Paolo Pesenti
发表日期2006-11-17
出版年2006
语种英语
摘要In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism. This paper attempts to fill that gap, examining the macroeconomic implications of trade policy changes through the lens of a dynamic general equilibrium model of the world economy encompassing four regional blocs. Simulation exercises are carried out to consider the imposition of uniform and discriminatory tariffs on trading partners as well as the case 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.
主题Macroeconomics ; Fiscal Policy ; International Economics ; International Finance ; International Macroeconomics
URLhttps://www.nber.org/papers/w12704
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/570367
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Hamid Faruqee,Douglas Laxton,Dirk Muir,et al. Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis. 2006.
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