Keio International Economics Seminar
2026/06/24, Wednesday, 13:00-14:30 対面
Room 442 in South School Building
Yoichi Matsubayashi (Kobe University)
”Export Quality of Functional Materials in Japan: 2000-2023” (with Dung Luong Anh)
2026/07/15, Wednesday, 10:45-11:45 対面
8th Floor Meeting Room in Graduate School Building
"The ECLIPSSE Model" (joint with G. Cui, F. Zhang, and R. Zymek)
Abstract: We introduce ECLIPSSE (the Endogenous Capital-Labor-Imbalance Policy Simulator for Steady-state Equilibrium). The model permits a steady-state analysis of the macroeconomic impacts of trade policy actions, in a fully neoclassical setting with endogenous capital, labor and trade imbalances. It nests several prominent quantitative trade models that have been used in the academic literature. We illustrate its use through an exploration of the consequences of the U.S. tariffs imposed in April 2025. We find that the magnitude of the GDP and welfare impacts for the U.S., and the rest of the world, differ significantly across the special-case trade models contained within ECLIPSSE. We also show that the revenue and “trade balance” goals of the tariffs may be at odds: in ECLIPSSE, the U.S. tariffs only raise enough revenue to be welfare-improving if they also widen the U.S. trade deficit.
2026/07/17, Friday, 10:45-12:15 対面
Room 107 in the 1st School Building
Sungwan Hong (University of Pittsburgh)
Powering Intelligence: Data Centers and Spatial Welfare