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Incorporating weakly nonseparable preferences into the familiar time-preference model, we emphasize a role of steady-state welfare changes in determining the effect of permanent tariffs on the current account. The effect consists of: a welfare effect, due to steady-state welfare changes, which...
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Incorporating weakly nonseparable preferences into the familiar time-preference model, the author emphasizes a role of steady-state welfare changes in determining the effect of permanent tariffs on the current account. The effect consists of a welfare effect, due to steady-state welfare changes,...
Persistent link: https://www.econbiz.de/10014091778