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Using a standard complete specialization model of a small open economy within a rigorous intertemporal optimization framework with contract- based wage rigidity, we show that permanent tariffs may lead to a current account deterioration and a fall in employment, contradicting most of the...
Persistent link: https://www.econbiz.de/10013246283
Using a standard complete specialization model of a small open economy within a rigorous intertemporal optimization framework with contract- based wage rigidity, we show that permanent tariffs may lead to a current account deterioration and a fall in employment, contradicting most of the...
Persistent link: https://www.econbiz.de/10012476807
horizon of the workers. Unskilled workers in the unskilledintensive sector are the ones most in favor of protectionism and â€¦
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