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how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model … generated. In particular “equilibrium overshooting” can be observed. Precise conditions under which a temporary import tariff …
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
Executive Board was last briefed in October 2008 (World Bank and IMF, 2008). Section III illustrates that notable gains would …
Persistent link: https://www.econbiz.de/10014410502
The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...
Persistent link: https://www.econbiz.de/10014396105
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
Persistent link: https://www.econbiz.de/10000323686
This Reference Note introduces guidance on preferential trade agreements (PTAs). In so doing, it responds to the request by the Executive Board in the context of the Independent Evaluation Office (IEO) Evaluation of IMF Involvement in Trade Policy Issues. Section II provides context for the...
Persistent link: https://www.econbiz.de/10014410143
capacity underutilization in manufacturing industries of developing countries. A replacement of such quotas, by tariffs leads …
Persistent link: https://www.econbiz.de/10014396017
The relevant “size” of an economy is affected by its environment. A country could be small in the world economy yet … alternatives for Nepal. The “optimal divergence” is for Nepal to allow the free import of intermediate and capital goods, while …, for import-competing industries, it cannot depart from India’s trade policy …
Persistent link: https://www.econbiz.de/10014396019
This paper assembles findings on the use of trade taxes, examines the main contributing factors, and reviews the fiscal aspects of trade policy as they relate to both efficiency and macroeconomic stabilization. It demonstrates why trade taxes would generally not be part of an optimal tax...
Persistent link: https://www.econbiz.de/10014396180