Gabriel Felbermayr, Marina Steininger, Erdal Yalcin, 22 November 2017

The Trump administration intends to restructure US international trade relations with its major trade partners to correct what it perceives to be unfair trade and establish a ‘level playing field’. This column uses a structurally estimated and simulated trade model to analyse three potential protectionist policies that have been discussed by the administration. The results suggest that the promise to create more jobs and investment in the US through such policies is a fallacy.

Mary Amiti, Emmanuel Farhi, Gita Gopinath, Oleg Itskhoki, 19 June 2017

One component of the Republicans’ cash-flow tax proposal for corporate reform in the US is the inclusion of a border adjustment tax. This column, taken from a recent VoxEU.org eBook, assesess this politically controversial and often misconstrued tax adjustment that makes export sales deductible from the corporate tax base, while expenditure on imported goods would not be deductible. 

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