Aug 18, 2014
Booth Research Looks at Post-Recession Trade War Scenarios
New research from the Booth School of Business lays out a framework to see what would have happened if a trade war had broken out after the Great Recession. In his upcoming paper to be published in American Economic Review, “Trade Wars and Trade Talk with Data“, Professor Ralph Ossa looks at three scenarios— tariffs that would be levied if there were no fear of retaliation; retaliatory tariffs in a worldwide trade war; and tariffs that are negotiated cooperatively. Continue reading…
