Motivated by the 2018-19 global tariff war, we develop a multi-country trade model with occupational choice, heterogeneous firms, and unemployment. The model features a complete tariff pass-through and positive optimal tariffs addressing product and labor-market distortions. The quantitative analysis of the model with four countries/regions shows that raising tariffs unilaterally by a country increases welfare but also raises unemployment and top incomes that country, whereas having the opposite impact on tariff-targeted countries. A global tariff reduces every country's welfare, unemployment, and top-income inequality, whereas moving from a worldwide tariff war to free trade raises every country's welfare, unemployment, top-income inequality.
机构:
Fed Reserve Bank New York, New York, NY 10045 USA
CEPR, London, EnglandFed Reserve Bank New York, New York, NY 10045 USA
Amiti, Mary
;
Redding, Stephen J.
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Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
Princeton Univ, Woodrow Wilson Sch Publ & Int Affairs, Princeton, NJ 08544 USA
NBER, Cambridge, MA 02138 USAFed Reserve Bank New York, New York, NY 10045 USA
Redding, Stephen J.
;
Weinstein, David E.
论文数: 0引用数: 0
h-index: 0
机构:
NBER, Cambridge, MA 02138 USA
Columbia Univ, Dept Econ, New York, NY 10027 USAFed Reserve Bank New York, New York, NY 10045 USA
机构:
Fed Reserve Bank New York, New York, NY 10045 USA
Ctr Econ Policy Res, London, EnglandFed Reserve Bank New York, New York, NY 10045 USA
Amiti, Mary
;
Redding, Stephen J.
论文数: 0引用数: 0
h-index: 0
机构:
Princeton Univ, Econ, Princeton, NJ 08544 USA
Natl Bur Econ Res, Cambridge, MA 02138 USA
Ctr Econ Policy Res, London, EnglandFed Reserve Bank New York, New York, NY 10045 USA
Redding, Stephen J.
;
Weinstein, David E.
论文数: 0引用数: 0
h-index: 0
机构:
Columbia Univ, Japanese Econ, New York, NY USA
Natl Bur Econ Res, Cambridge, MA 02138 USAFed Reserve Bank New York, New York, NY 10045 USA
机构:
Harvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
NBER, Cambridge, MA 02138 USAHarvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
Antras, Pol
;
Fort, Teresa C.
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h-index: 0
机构:
NBER, Cambridge, MA 02138 USA
Tuck Sch Business Dartmouth, 100 Tuck Hall, Hanover, NH 03755 USAHarvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
Fort, Teresa C.
;
Tintelnot, Felix
论文数: 0引用数: 0
h-index: 0
机构:
NBER, Cambridge, MA 02138 USA
Univ Chicago, 1126 East 59th St, Chicago, IL 60637 USAHarvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
机构:
Fed Reserve Bank New York, New York, NY 10045 USA
CEPR, London, EnglandFed Reserve Bank New York, New York, NY 10045 USA
Amiti, Mary
;
Redding, Stephen J.
论文数: 0引用数: 0
h-index: 0
机构:
Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
Princeton Univ, Woodrow Wilson Sch Publ & Int Affairs, Princeton, NJ 08544 USA
NBER, Cambridge, MA 02138 USAFed Reserve Bank New York, New York, NY 10045 USA
Redding, Stephen J.
;
Weinstein, David E.
论文数: 0引用数: 0
h-index: 0
机构:
NBER, Cambridge, MA 02138 USA
Columbia Univ, Dept Econ, New York, NY 10027 USAFed Reserve Bank New York, New York, NY 10045 USA
机构:
Fed Reserve Bank New York, New York, NY 10045 USA
Ctr Econ Policy Res, London, EnglandFed Reserve Bank New York, New York, NY 10045 USA
Amiti, Mary
;
Redding, Stephen J.
论文数: 0引用数: 0
h-index: 0
机构:
Princeton Univ, Econ, Princeton, NJ 08544 USA
Natl Bur Econ Res, Cambridge, MA 02138 USA
Ctr Econ Policy Res, London, EnglandFed Reserve Bank New York, New York, NY 10045 USA
Redding, Stephen J.
;
Weinstein, David E.
论文数: 0引用数: 0
h-index: 0
机构:
Columbia Univ, Japanese Econ, New York, NY USA
Natl Bur Econ Res, Cambridge, MA 02138 USAFed Reserve Bank New York, New York, NY 10045 USA
机构:
Harvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
NBER, Cambridge, MA 02138 USAHarvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
Antras, Pol
;
Fort, Teresa C.
论文数: 0引用数: 0
h-index: 0
机构:
NBER, Cambridge, MA 02138 USA
Tuck Sch Business Dartmouth, 100 Tuck Hall, Hanover, NH 03755 USAHarvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA
Fort, Teresa C.
;
Tintelnot, Felix
论文数: 0引用数: 0
h-index: 0
机构:
NBER, Cambridge, MA 02138 USA
Univ Chicago, 1126 East 59th St, Chicago, IL 60637 USAHarvard Univ, 1805 Cambridge St,Littauer 207, Cambridge, MA 02138 USA