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The macroeconomic effects of trade policy

Erceg, Christopher J.; Prestipino, Andrea; Raffo, Andrea - 2018 - This version: October 1, 2018

We study the short-run macroeconomic effects of trade policies that are equivalent in a friction-less economy, namely a … reduction (VP), and a border adjustment of corporate pro.t taxes (BAT). Using a dynamic New Keynesian open-economy framework, we …

Persistent link: https://www.econbiz.de/10011967395

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard - 1994

. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor … improves competitiveness, and expands the formal sector at the expense of the informal sector. Hence, in a two-sector economy …

Persistent link: https://www.econbiz.de/10012474150

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - In: Journal of money, credit and banking : JMCB 40 (2008) 7, pp. 1329-1355

Persistent link: https://www.econbiz.de/10003761412

A Behavioral New Keynesian Model

Gabaix, Xavier - 2016

economy out of the zero lower bound. More generally, the model allows for the joint analysis of optimal monetary and fiscal …

Persistent link: https://www.econbiz.de/10012455726

Fiscal Limits in Advanced Economies

Leeper, Eric M. - 2011

control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their … implications and lays out a research agenda to integrate political economy and empirical considerations with general equilibrium …

Persistent link: https://www.econbiz.de/10012461838

Trade policies and fiscal devaluations

Erceg, Christopher J.; Prestipino, Andrea; Raffo, Andrea - 2022

Persistent link: https://www.econbiz.de/10013268057

Trade Policy, Income, and Employment

Baldwin, Robert E. - 1984

Disappointing recent growth rates, the emergence of structurally unfavorable income and employment conditions, and important institutional changes in the international trading environment have caused policy officials in the advanced industrial nations to reconsider the proper mix of reactive...

Persistent link: https://www.econbiz.de/10012477773

State-Owned Enterprises, Shirking and Trade Liberalization

Ghosh, Madanmohan - 2000

effects on imports can also occur. These models when calibrated to 1995 data for Vietnam also suggest quantitatively much …

Persistent link: https://www.econbiz.de/10012471065

Optimal monetary and fiscal policy with a zero bound on nominal interest rates

Schmidt, Sebastian - In: Journal of money, credit and banking : JMCB 45 (2013) 7, pp. 1335-1350

Persistent link: https://www.econbiz.de/10010197463

Fiscal sustainability in a new Keynesian model

Leith, Campbell B.; Wren-Lewis, Simon - In: Journal of money, credit and banking : JMCB 45 (2013) 8, pp. 1477-1516

Persistent link: https://www.econbiz.de/10010344574

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