Mandala Partners：2023年建模经济胁迫的影响报告（英文版）

China announced trade restrictions covering $24 billion of Australia’s exports. • The Australian media and leading commentators panicked. • They warned the Australian economy was about to lose $24 billion. • They were wrong. • Some industries suffered, but on the whole the economy was not significantly impacted. • How did we get it so wrong? • We failed to appreciate how prices, exchange rates, markets and economies automatically adjust when hit with a trade shock. • Understanding these adjus