Fender, John; Yip, Chong K - In: Economic Journal 99 (1989) 397, pp. 806-17
This paper studies the effects of tariffs in a two-period, two-good, macroeconomic model. The first period is characterized by unemployment and either nominal or real wage rigidities. In the second period, all prices are flexible and markets clear. Consumer behavior is based on intertemporal...