经济
关税
失业
国际经济学
劳动经济学
宏观经济学
作者
Elias Dinopoulos,Gunnar Heins,Bulent Unel
标识
DOI:10.1016/j.jmoneco.2024.103616
摘要
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 in that country, whereas having the opposite impact on tariff-targeted countries. A global tariff war 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, and top-income inequality.
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