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Author:Fender, J.
Yip, C.
Title:Tariffs and exchange rate dynamics redux
Journal:Journal of International Money and Finance
2000 : OCT, VOL. 19:5, p. 633-656
Index terms:TARIFFS
IMPERFECT COMPETITION
OPTIMIZATION
Language:eng
Abstract:This paper builds a two-country intertemporal macroeconomic model similar to one developed recently by Obstfeld and Rogoff. Imperfectly competitive producer/ consumer maximize an intertemporal utility function with consumption, real money balances and output as arguments. The authors use the framework to examine both the short-run and steady-state effects of the imposition of a tariff in one of the countries.
SCIMA record nr: 218518
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