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US-China rivalry: The macro policy choices

Tyers, Rodney; Zhou, Yixiao


Stylised representations of recent US and Chinese tax reforms, tariffs against imports and alternative Chinese monetary targeting are examined using a calibrated global macro model that embodies both trade and financial interdependencies. For both countries, unilateral capital tax relief and bilateral tariffs are shown to be 'beggar thy neighbor' policies. As large economies, both enjoy 'optimal tariffs', even bilaterally, though net outcomes are shown to depend on the allocation of revenues....[Show more]

CollectionsANU Research Publications
Date published: 2020
Type: Journal article
Source: The World Economy
DOI: 10.1111/twec.12992


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