00000nam 2200000za 4500 9.865908 CaOODSP 20221107161920 cr ||||||||||| 181211s2018 oncd #ot f000 0 eng CaOODSP eng eng fre n-cn--- FB3-5/2018-57E-PDF Charbonneau, Karyne. The trade war in numbers [electronic resource] / by Karyne B. Charbonneau and Anthony Landry. [Ottawa] : Bank of Canada, 2018. ii, 36 p. : col. charts. Bank of Canada staff working paper, 1701-9397 ; 2018-57 "November 2018." Includes bibliographic references (p. 27-28). "We build upon new developments in the international trade literature to isolate and quantify the long-run economic impacts of tariff changes on the United States and the global economy. In particular, we apply the most recent data and trade elasticity estimates to the Ricardian model of Caliendo and Parro (2015) to quantify the long-run impacts of the recently applied and proposed tariff changes, including the U.S. tariffs on steel and aluminum imports and the rounds of additional tariffs between the United States and China. To fit the reality of the current trade policy shift, our analysis also allows for quotas and endogenizes trade balances. Overall, our results suggest that the newly imposed and proposed tariff schemes imply considerable changes in trade flows and sectoral output reallocations, but modest impacts on long-run aggregate prices and output levels"--Abstract, p. ii. Includes abstract in French. gccst Tariffs gccst International trade gccst Economic analysis Landry, Anthony. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2018-57 (CaOODSP)9.806221 PDF 1.07 MB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-57-eng.pdf