Optimal Markup Responses to Trade Policy Reform in a Small, Open Economy PDF Download
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Author: Liliana Winkelmann
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 24
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Book Description
Author: Liliana Winkelmann
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 24
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Book Description
Author: Liliana Winkelmann
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Richard T. Froyen
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 48
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Author: Philip Meguire
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 36
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Author: Jesper Lindé
Publisher: International Monetary Fund
ISBN: 1484306112
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain quantitatively important long-term deviations under complete international asset markets. Direct pass-through of tariffs and subsidies to prices and slow exchange rate adjustment can also generate significant short-term deviations from Lerner. Finally, we quantify the macroeconomic costs of a trade war and find that they can be substantial, with permanently lower income and trade volumes. However, a fully symmetric retaliation to a unilaterally imposed border adjustment tax can prevent any real or nominal effects.
Author: Pierre L. Siklos
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 70
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Author: Graeme A. Guthrie
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 40
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Author: Rainer Winkelmann
Publisher:
ISBN:
Category : Absenteeism (Labor)
Languages : en
Pages : 28
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Author: David Steele
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 12
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Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 428
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Book Description
