There is a general recognition that there are deficiencies in the Mundell-Fleming model. Nonetheless, Rose [2000] has stated that Mundell was the first to exposit the Policy Trilemma, which identifies an intrinsic incompatibility among: high capital mobility, fixed exchange rates, and monetary...

This paper asks how NAFTA affected income distribution within Mexico considering changes in internalmigration. Trade liberalization should theoretically increase the income of low-skilled workers in low-skilled labor-abundantdeveloping countries. Thus, by increasing the wages of poorer workers,...

The U.S. Renewable Fuel Standard program (RFS), which involves mandates for variousbiofuels, is complex and has been often misinterpreted or oversimplified in previous studies.In this paper we analyze the implications of the RFS for the U.S. domestic and international ethanol markets. We...

This study analyzes the sensitivity of trade flows to trade barriers from gravity equations, using different econometric techniques recently highlighted in the literature. Specifically, we compare a benchmark OLS fixed effects specification a la Feenstra (2002) with three emerging estimation...

Colombia negotiated bilateral Trade Agreements (TAs) with the UnitedStates and with the MERCOSUR region (Argentina, Brazil, Paraguay, andUruguay). Colombian cattle and beef interest groups argue that TAshurt the local beef supply chain. We employ a partial equilibriumframework to assess the...

O comércio internacional é marcado pelo elevado nível de protecionismo, contrariando o teorema das vantagens comparativas. A agricultura é o setor mais atingido, devido à existência, além de elevadas tarifas, de outros mecanismos de proteção comercial que fortalecem ainda mais as...

This dissertation studies the impact of trade liberalization, at the firm level and at the industry level, on the economy of the liberalizing country.The first chapter demonstrates that in a two-tier production model the liberalization of imports of input varieties weakens local input linkages....

This paper exploits the panel dimension of the Vietnam Living Standards Survey (VLSS) in order to analyze the main changes occurring in agriculture in Vietnam over the period 1993- 1998. This period was marked by a continuation of the reforms that began in 1988 with the implementation of...