The Economic Consequences of Mr Trump

Corden, Max; Garnaut, Ross

doi:10.1111/1467-8462.12295

Cited by 11 publications

(6 citation statements)

References 1 publication

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“…From the perspective of intermediate goods trade, through quantitative analysis Haichao, Zhang Lina (2018) [6] studied the impact of Sino-US trade frictions on the two countries, found the domestic welfare and import tendency of the both nations will be deteriorated. Corden (2018) [7] believes that US's trade protection policy will lower the income of the United States and other parts of the world. Thus, US citizen may import less from outside world, as well as Guangdong.…”

Section: Literature Review and Methodologymentioning

confidence: 99%

How Much Effect Does Sino-US Trade War Had on the Greater Bay Area’s (GBA) Import -Export? Was it Inevitable?

Zhang¹,

Huang²,

Huang³

et al. 2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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At this open market economy, both China and US have suffered economically due to their trade war. Even though some development plans and actions were taken to mitigate the loss, Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has suffered a lot; and its consequences are still prevailing. This paper aims to analyze the impact of trade war on importexport of the GBA area through theoretical and empirical analysis, so as to provide some basis for the region to respond to the situation. In this paper, we have used event basis model for the econometric analysis. It shows that Sino-US trade friction will have a certain negative impact on the import and export trade of Guangdong, Hong Kong and Macao. Some suggestions to promote the development of import and export trade in GBA region were listed in the paper as well.

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Section: Literature Review and Methodologymentioning

confidence: 99%

How Much Effect Does Sino-US Trade War Had on the Greater Bay Area’s (GBA) Import -Export? Was it Inevitable?

Zhang¹,

Huang²,

Huang³

et al. 2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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“…In the United States, the Trump administration conducted strongly expansionary fiscal and protectionist trade policies from 2017 until the COVID-19 pandemic (Corden and Garnaut 2017). Interest rates began to rise moderately from this time-from levels for nominal cash rates and real long bond rates that were near zero-leaving overall demand growing strongly.…”

Section: Global Developmentsmentioning

confidence: 99%

Monetary Policy Mistakes and Remedies: An Assessment Following the RBA Review

Garnaut,

Vines

2023

Australian Economic Review

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This article responds to the Review of the Reserve Bank of Australia (RBA), which was released on 20 April 2023. We describe the underperformance of the Australian economy over the past decade, and identify the contribution of RBA mistakes. We suggest remedies that would improve prospects for low inflation and unemployment. Returning to general prosperity requires better coordination of monetary, fiscal and macro‐prudential policy and of these with other aspects of economic policy‐making. We conclude that while the RBA Review makes some valuable suggestions about structure and process at the RBA, it provides little guidance on the content of policy.

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“…Advocates of economic nationalism counter-argue that certain interventionist policies are justified in market failure situations (e.g. global recessions) and can take many forms (Baughn and Yaprak, 1996; Corden and Garnaut, 2018). As Helleiner (2002) discusses, though, the relationship between liberalism and economic nationalism may not always be adversarial.…”

Section: Economic Nationalism Globalization and Interdependence: An mentioning

confidence: 99%

Brexit, Trump and trade: Back to a late 19th century future?

Dent

2020

Competition & Change

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There are striking similarities between today’s early 21st century trade political economy and its late 19th century equivalent. Ascendant populist nationalism, escalating trade protectionism and tariff wars, growing discontent over globalization’s distributional impacts and fast emerging economic superpowers disrupting the global order are features shared by both periods. This comparative historical analysis explores what lessons and conclusions we may draw from the past late 19th century world that can be applied to today. Integral to this discussion are the prospects of our early 21st century world experiencing a similar endgame of global conflict, as transpired around a century ago. In revisiting the past to better understand the present and future, this paper first evaluates empirical similarities between the trade political economies of both periods. It then applies theories and concepts of economic nationalism, globalization and interdependence in developing deeper conclusions and arguments. Brexit, Trump and their historic parallels serve as primary focal points in this study.

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The Economic Consequences of Mr Trump

Cited by 11 publications

References 1 publication

How Much Effect Does Sino-US Trade War Had on the Greater Bay Area’s (GBA) Import -Export? Was it Inevitable?

How Much Effect Does Sino-US Trade War Had on the Greater Bay Area’s (GBA) Import -Export? Was it Inevitable?

Monetary Policy Mistakes and Remedies: An Assessment Following the RBA Review

Brexit, Trump and trade: Back to a late 19th century future?

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