This paper provides a new argument for “shock” versus “gradualism” in the implementation of trade policies. In the simple context of a small open economy with rational expectations, we consider the comparative welfare effects of eliminating an import tariff either immediately as an...

Using a simple model, this paper shows how a strict monetary rule exhibits characteristics similar to those of an exchange rate anchor, in terms of a lack of robustness in the presence of adverse expectations (“bad dreams”). More specifically, as an anticipated devaluation under an exchange...

In the aftermath of the revolution of 2011, Libya faces the complex task of rebuilding its economy, infrastructure, and institutions, and responding to the demands of the population, especially for improved governance. The conflict that accompanied the revolution had a severe impact on the...

This paper provides a new argument for quot;shockquot; versus quot;gradualismquot; in the implementation of trade policies. In the simple context of a small open economy with rational expectations, we consider the comparative welfare effects of eliminating an import tariff either immediately as...

Using a simple model, this paper shows how a strict monetary rule exhibits characteristics similar to those of an exchange rate anchor, in terms of a lack of robustness in the presence of adverse expectations (bad dreams). More specifically, as an anticipated devaluation under an exchange rate...

[eng] In a world where most cereals are grown for self-consumption, America's role both in their production and their export, and her consequent place in the world grain trade are of primary importance. Agricultural exports are also vital for the USA whose oil imports and declining...

Susan George gathers together her answers to the most commonly asked questions about ATTAC (the Association for the Taxation of Financial Transactions to Aid Citizens) and its response to September 11th. Development (2002) 45, 97–98. doi:10.1057/palgrave.development.1110360