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|z 9781513561615
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Hunt, Benjamin.
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|a Modeling Trade Tensions :
|b Different Mechanisms in General Equilibrium /
|c Benjamin Hunt, Susanna Mursula, Rafael Portillo, Marika Santoro.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2020.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In this paper, we investigate the mechanisms through which import tariffs impact the macroeconomy in two large scale workhorse models used for quantitative policy analysis: a computational general equilibrium (CGE) model (Purdue University GTAP model) and a multi-country dynamic stochastic general equilibrium (DSGE) model (IMF GIMF model). The quantitative effects of an increase in tariffs reflect different mechanisms at work. Like other models in the trade literature, in GTAP higher tariffs generate a loss in terms of output arising from an inefficient reallocation of resources between sectors. In GIMF instead, as in other DSGE models, tariffs act as a disincentive to factor utilization. We show that the two models/channels can be broadly interpreted as capturing the impact of tariffs on different components of a country's aggregate production function: aggregate productivity (GTAP) and factor supply/utilization (GIMF). We discuss ways to combine the estimates from these two models to provide a more complete assessment of the macro effects of tariffs.
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|a Mode of access: Internet
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|a General Equilibrium
|2 imf
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| 650 |
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|a Nominal and Real Rigidities
|2 imf
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| 650 |
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|a Trade Elasticity
|2 imf
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|a Trade Policy
|2 imf
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|a Mursula, Susanna.
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|a Portillo, Rafael.
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|a Santoro, Marika.
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|a IMF Working Papers; Working Paper ;
|v No. 2020/279
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2020/279/001.2020.issue-279-en.xml
|z IMF e-Library
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