Date: 2019
Type: Working Paper
Trade wars : nobody expects the Spanish Inquisition
Working Paper, EUI RSCAS, 2019/62, Global Governance Programme-357, [Global Economics]
BEKKERS, Eddy, FRANCOIS, Joseph, NELSON, Douglas, ROJAS-ROMAGOSA, Hugo, Trade wars : nobody expects the Spanish Inquisition, EUI RSCAS, 2019/62, Global Governance Programme-357, [Global Economics] - https://hdl.handle.net/1814/63864
Retrieved from Cadmus, EUI Research Repository
This paper assesses the utility of economic theory of rational trade wars to predict such events or to prescribe courses of action to control their consequences. Trade wars are fundamentally political events whose causes are almost completely political and whose consequences are to a significant degree also political. Contemporary economic theory has developed during a uniquely peaceful and liberal period in world history, affecting how economists have thought about trade conflicts, leaving the profession unprepared to provide serious analysis or advice.
Cadmus permanent link: https://hdl.handle.net/1814/63864
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2019/62; Global Governance Programme-357; [Global Economics]
Publisher: European University Institute
Keyword(s): Trade wars International political economy Optimal taxation General equilibrium trade models
Other topic(s): Trade, investment and international cooperation
