Flaig, Dorothee; Haugh, David; Kowalski, Przemyslaw; … - 2018
Global trade imbalances narrowed in the aftermath of the global financial crisis. They have remained at a lower level … OECD’s METRO model show liberalisation of existing trade distortions would modestly narrow aggregate trade imbalances in … economically significant income gains for all countries. By contrast, narrowing trade imbalances using trade restrictions would …