adjustments would prevent the destabilizing effect that accumulation of massive currency reserves can have on world trade flows …

Since 2011, Germany has consistently been the country posting the largest current account surpluses in the world. In …

how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model … generated. In particular quot;equilibrium overshootingquot; can be observed. Precise conditions under which a temporary import …

We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …

We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …