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This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs where tariff rates are higher on intermediate inputs and...
Persistent link: https://www.econbiz.de/10005825855
We revisit the question of the quantitative benefits of WTO trade agreements in a setup that is non-standard from the traditional trade policy point of view. We show that in a New Keynesian model, unilateral trade liberalization reduces welfare due to terms-of-trade deterioration, creating an...
Persistent link: https://www.econbiz.de/10011242404
The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the …
Persistent link: https://www.econbiz.de/10011244359
Persistent link: https://www.econbiz.de/10011245450
We investigate sources of economic fluctuations in Chile during 1998-2007 within the framework of a standard …, and government/trade wedges for business cycles in Chile. The purpose of this exercise is twofold: (i) focus the policy …
Persistent link: https://www.econbiz.de/10005263664
Persistent link: https://www.econbiz.de/10005264259
extrapolations from U.S.evidence. The analysis is illustrated for the case of Chile, though it could be applied to other countries. …
Persistent link: https://www.econbiz.de/10009203535
By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted … in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the … investment-specific technological improvements have contributed significantly to long-term growth in Chile, in line with trends …
Persistent link: https://www.econbiz.de/10008497610
. The Central Bank of Chile’s foreign exchange interventions in 2008 and 2011 had a small impact on the peso. …
Persistent link: https://www.econbiz.de/10010790289
This paper recounts Chile’s experience with capital account policies since the 1990s. We present how two external …
Persistent link: https://www.econbiz.de/10010790346