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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
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
The Handbook on Measuring Digital Trade sets out a conceptual and measurement framework for digital trade which aligns with the broader standards for macro-economic statistics. It aims to help statistical compilers to address policymakers' needs for statistical evidence on digital trade. It...
Persistent link: https://www.econbiz.de/10014435647
Digital technologies have made it increasingly feasible for buyers and sellers to place and receive orders on a global scale. They also enable the instantaneous remote delivery of services directly into businesses and homes, including internationally. The Handbook on Measuring Digital Trade sets...
Persistent link: https://www.econbiz.de/10015059179
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
This paper examines the monetary and exchange rate policies of the euro area and the trade policies of the European Union. The paper highlights that the overall economic performance of the euro area has been disappointing: growth has been weaker and inflation higher than generally expected. To a...
Persistent link: https://www.econbiz.de/10014406355
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