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来源类型Working Paper
规范类型报告
DOI10.3386/w30300
来源IDWorking Paper 30300
Precautionary Protectionism
Sharon Traiberman; Martin Rotemberg
发表日期2022-08-01
出版年2022
语种英语
摘要We develop a dynamic extension of Dornbusch et al. (1977) with “rustiness”: the home country has relatively higher unit costs tomorrow for goods it is not producing today. We solve for optimal tariff policy when there is a potential for a crisis: an increase in demand for goods produced abroad. Optimally, the home planner never protects goods where comparative advantage is sufficiently low, not even the goods directly affected by the crises. However, for marginally competitive goods, the optimal policy trades off comparative advantage and demand. The extent of industrial policy is non-monotonic in both the size of the demand shock and in its variance.
主题International Economics ; Trade ; Development and Growth
URLhttps://www.nber.org/papers/w30300
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587973
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Sharon Traiberman,Martin Rotemberg. Precautionary Protectionism. 2022.
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