Showing 1 - 10 of 260
This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two …-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs … variability of the trade balance should increase. Trade costs have ambiguous effects on the volatility of other macro variables …
Persistent link: https://www.econbiz.de/10014403962
sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a …Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the … risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial …
Persistent link: https://www.econbiz.de/10014394411
prices across sectors. The paper discusses alternatives to make the recently-introduced industry carbon levy more effcient … power generation, it recommends eliminating taxes on residential and industrial electricity, supplementing the coal phaseout …
Persistent link: https://www.econbiz.de/10012796806
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per … unit, our model predicts that markups rise with distance and fall with tariffs, but these effects are heterogeneous and are …
Persistent link: https://www.econbiz.de/10012177618
documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence … several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some … announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices …
Persistent link: https://www.econbiz.de/10012154685
.S. auto tariffs. The second analyzes a 'transactional deal' between the U.S. and China to close their bilateral deficit. The … third, in the absence of such a deal, considers a potential escalation in bilateral tariffs between the two countries. Some … certain scenarios. We discuss how estimated impacts depend on the extent to which the U.S. is able to re-shore production in …
Persistent link: https://www.econbiz.de/10012102091
We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is...
Persistent link: https://www.econbiz.de/10013170594
, an aggressive approach would likely meet absorptive capacity constraints and imply a much bigger (and, in an adverse …
Persistent link: https://www.econbiz.de/10014394435
Mozambique has great potential in natural gas reserves and if liquefied/commercialized the sum of taxes andother fiscal revenue from natural gas will, at its peak, reach roughly one third of total fiscal revenue. Recent developments in the natural resource sector have triggered a fresh round of...
Persistent link: https://www.econbiz.de/10010233187
This paper suggests that the environmental and commercial features of shale gas extraction do not warrant a significantly different fiscal regime than recommended for conventional gas. Fiscal policies may have a role in addressing some environmental risks (e.g., greenhouse gases, scarce water,...
Persistent link: https://www.econbiz.de/10011763654