GTAP Events: Center Seminar Series
"Quantifying Disruptive Trade Policies"by Thomas Rutherford
We provide a quantitative assessment of the current trade war and a set of other disruptive trade policies. The motivation is to offer an ex-ante assessment of the welfare and distributional impacts. We find that there are substantial welfare costs associated with the trade war, but these are borne almost entirely by the US and China. Other countries face modest distortions with the US and benefit from trade diversion. Our analysis utilizes a new multi-region global general-equilibrium simulation model that includes an innovative structure with entry and exit of bilateral representative firms. We demonstrate the operation of this model in the context of tariff and non-tariff barriers that significantly disrupt the pattern of trade.
Date/Time: 8/23/2018 03:30 PM - 05:00 PM
Location: KRAN 661
Last Modified: 4/10/2018 2:05:52 PM
