is characterised by involuntary unemployment due to non-market clearing wages that are fixed either in terms of the … numeraire or in real terms. We show that recent tariff-reform results can be extended to integrated reforms of tariffs and the … welfare increasing tariff-reform strategies that keep the wage rate constant, and show that this tension may be attenuated …

This paper analyzes the growth and welfare effects of revenue-neutral tariff reform in a small open endogenous growth …