全球智库信息集成服务系统(G2TT): The 2008 Financial Crisis and the Lack of Retaliatory Trade Intervention

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21853
来源ID	Working Paper 21853
	The 2008 Financial Crisis and the Lack of Retaliatory Trade Intervention
	Chunding Li; John Whalley
发表日期	2016-01-11
出版年	2016
语种	英语
摘要	The 2008 financial crisis did not precipitate global retaliatory trade intervention, in seeming contrast to the Great Depression in 1930s. This paper discusses the influence of model structure in optimal tariff (OT) calculations in explaining this puzzle. We emphasize how earlier literature reports high optimal tariffs in numerical calculation (of a hundred of percent) but only uses simple trade models. We use numerical general equilibrium calibration and simulation methodology to calculate optimal tariffs both with and without retaliation in a series of observationally equivalent models, and explore the influence of model structures on optimal tariff levels. We gradually add more realistic features into basic general equilibrium model, and show sharply decline optimal tariffs, which suggests that trade retaliation incentives effectively disappear with the deepening of globalization in 2008 compared to 1930.
主题	Microeconomics ; Mathematical Tools ; International Economics ; Trade
URL	https://www.nber.org/papers/w21853
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/579527
推荐引用方式 GB/T 7714	Chunding Li,John Whalley. The 2008 Financial Crisis and the Lack of Retaliatory Trade Intervention. 2016.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w21853.pdf（285KB）	智库出版物		限制开放	CC BY-NC-SA	浏览