Baqaee, David; Hinz, Julian; Moll, Benjamin; … - 2024
neutral countries. German trade with China would have to be entirely rerouted to countries within the "Western" block and …-sector model of the world economy. The key finding is that a total cut-off of trade relations with China would have severe but not …") would incur smaller costs. The single most influential assumption relates to the "trade elasticity,", i.e., the ease and …