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In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...
Persistent link: https://www.econbiz.de/10014395800
This paper examines the macroeconomic impact of tariffs. Existing theoretical models do not provide clear … the hypothesis that tariffs have no statistically significant impact on the trade balance, the real exchange rate, or the …
Persistent link: https://www.econbiz.de/10014396243
This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the...
Persistent link: https://www.econbiz.de/10014396238
, or correctly defined, shadow prices. We show how shadow prices may be integrated into an analysis of tax and price reform …
Persistent link: https://www.econbiz.de/10014396134
Persistent link: https://www.econbiz.de/10009510794
establish the Government of Australia Subaccount for Selected Fund Activities (the 'Subaccount') under the terms of the SFA …
Persistent link: https://www.econbiz.de/10014410610
This Selected Issues paper reviews how Australia’s economy has adapted to a flexible Australian Dollar. The paper … proposal, and estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial …
Persistent link: https://www.econbiz.de/10014405836
This paper analyzes likely effectiveness of the fiscal policy in supporting aggregate demand in Australia. The …
Persistent link: https://www.econbiz.de/10014410962
The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from …
Persistent link: https://www.econbiz.de/10014403099
The Article IV Consultation discusses that recently a commodity price boom, driven by robust global demand, has pushed … sound macroeconomic framework should permit Australia to weather the global downturn and contain inflationary pressures …
Persistent link: https://www.econbiz.de/10014403481