-sector overlapping generations model. It is shown that a strong form ofthe transfer paradox – in which the donor country experiences a …, it is shown that a weak form of the transfer paradox – where either the donor orrecipient (but not both) experiences a … transfer paradox. …

terms of trade cannot be large enough (under Walrasian stability) to produce the transfer paradox. Dynamic one-sector models … have argued that a transfer paradox is possible, but have relied upon international capital mobility and movements in the … allows for both static and intertemporal terms of trade effects -commodity trade can produce a steady state transfer paradox …

functions, the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This equivalence enables …

which the existence of sunspot equilibria is equivalent to the occurrence of the transfer paradox. This equivalence enables …