exporting channel will overstate the welfare gains associated with trade liberalization by a factor of two …

traditional trade policy point of view. We show that in a New Keynesian model, unilateral trade liberalization reduces welfare due … of an agreement, which cuts tariffs by one percentage point, is 0.5% to 2% of consumption, much larger than in trade …

commodity taxation (the Ramsey, the inverse elasticity, the Corlett-Hague rules) may no longer be valid; (b) tariffs may replace …

-CARICOM countries against time and commodity-level variation in external tariffs. I find that in each country the reduction of the …

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 …

conventional ranking of tariffs and quotas is turned on its head: quotas are not as bad for welfare as previously believed, while …This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who … tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses …

implications of rice tariffs and targeted transfers in Madagascar, especially in the context of identifying their respective roles … mainly to higher income households. In addition, poor net rice sellers will lose from lower tariffs. Developing a system of … costeffective approach to poverty alleviation. Such an approach should be financed by switching revenue raising from rice tariffs to …

-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs …