GTAP Resources: Resource Display
| GTAP Resource #7761 |
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"Optimal Tariffs in Static and Dynamic Settings: Under Observed Trade Imbalances" Authors: Ali, Suraiya Binte and Edward J. Balistreri Abstract We develop a multi-region, multi-sector growth model with forward-looking dynamics. We consider three different balance-of-payments closures to evaluate trade deficits in a welfare analysis of US tariff policy. Extending the classical inverse-elasticity formula to an intertemporal setting with uniform time-invarient tariffs, we consider capital market access, as financial valuation effects and endogenous current-account. Under the within-horizon closure, anticipation and retaliation emerge as distinct forces: the former governs pre-implementation investment surges and current-account dynamics, while symmetric retaliation eliminates the terms-of-trade gains, imposing persistent macroeconomic losses over the horizon. |
| Resource Details () | GTAP Keywords | ||||||||||||||||
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- Economic growth - Bridging CGE and new quantitative trade (NQT) literature - Dynamic modeling - Global |
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Public Access  Paper (580.6 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 4/20/2026 1:44:43 PM
