How Long to Read Modeling Trade Tensions: Different Mechanisms in General Equilibrium

How Long Does it Take to Read Modeling Trade Tensions: Different Mechanisms in General Equilibrium?

It takes the average reader and 42 minutes to read Modeling Trade Tensions: Different Mechanisms in General Equilibrium by Mr.Benjamin L Hunt

Assuming a reading speed of 250 words per minute. Learn more

Description

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.

How long is Modeling Trade Tensions: Different Mechanisms in General Equilibrium?

Modeling Trade Tensions: Different Mechanisms in General Equilibrium by Mr.Benjamin L Hunt is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Modeling Trade Tensions: Different Mechanisms in General Equilibrium Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Modeling Trade Tensions: Different Mechanisms in General Equilibrium aloud.

What Reading Level is Modeling Trade Tensions: Different Mechanisms in General Equilibrium?

Modeling Trade Tensions: Different Mechanisms in General Equilibrium is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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