Tariffs In An Economy With Incomplete Markets And Unemployment
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Tariffs In An Economy With Incomplete Markets And Unemployment
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Author : Raquel Fernandez (Ph.D.)
language : en
Publisher:
Release Date : 1988
Tariffs In An Economy With Incomplete Markets And Unemployment written by Raquel Fernandez (Ph.D.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Foreign trade and employment categories.
This paper examines the optimal labor contract in a small open economy with incomplete markets under international price uncertainty. The effect on employment, wages, and profits of different realizations of the state of nature is studied and agents' preferences concerning the implementation of a tariff are determined. The implicit contract equilibrium is shown to be constrained Pareto optimal; unanticipated tariff policy cannot be Pareto improving over free trade.
Tariffs In An Economy With Incomplete Markets And Unemployment
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Author : Raquel Fernández
language : es
Publisher:
Release Date : 1988
Tariffs In An Economy With Incomplete Markets And Unemployment written by Raquel Fernández and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
Tariffs In An Economy With Incomplete Markets And Unemployment
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Author :
language : en
Publisher:
Release Date : 1988
Tariffs In An Economy With Incomplete Markets And Unemployment written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
The Macroeconomic Effects Of Trade Tariffs
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Author : Jesper Lindé
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-07
The Macroeconomic Effects Of Trade Tariffs written by Jesper Lindé and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-07 with Business & Economics categories.
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain quantitatively important long-term deviations under complete international asset markets. Direct pass-through of tariffs and subsidies to prices and slow exchange rate adjustment can also generate significant short-term deviations from Lerner. Finally, we quantify the macroeconomic costs of a trade war and find that they can be substantial, with permanently lower income and trade volumes. However, a fully symmetric retaliation to a unilaterally imposed border adjustment tax can prevent any real or nominal effects.
The Labor Market And Economic Adjustment
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Author : Pierre-Richard Agénor
language : en
Publisher: International Monetary Fund
Release Date : 1995-11-01
The Labor Market And Economic Adjustment written by Pierre-Richard Agénor and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11-01 with Business & Economics categories.
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
International Trade And Labor Markets
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Author : Carl Davidson
language : en
Publisher: W.E. Upjohn Institute
Release Date : 2004
International Trade And Labor Markets written by Carl Davidson and has been published by W.E. Upjohn Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Taxation And Unemployment
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Author : Howell H. Zee
language : en
Publisher:
Release Date : 2006
Taxation And Unemployment written by Howell H. Zee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper reviews conceptual linkages between taxation and unemployment, available empirical evidence and country policies that may have a bearing on these linkages in the OECD and in a sample of developing and transitional economies, Fund policy advice on these issues, and tax policy options in addressing the unemployment problem. It concludes that the emphasis in policy should be placed on minimizing tax distortions, rather than on formulating activist tax policies to reduce unemployment.
Globalization And Unemployment
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Author : Helmut M. Wagner
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
Globalization And Unemployment written by Helmut M. Wagner and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-14 with Social Science categories.
Globalization and unemployment are two phenomena which are amongst the most widely discussed subjects in the economic debate today. Often, globalization is regarded as being responsible for the increase in unemployment, particularly in unskilled labor. This book deals with the correlation between globalization and unemployment under various aspects: historical aspects of globalization, empirical trends and theoretical explanations of unemployment, effects of globalization in general and of European Monetary Union in particular on umemployment, labor market policy in a global economy, the impact of fiscal policy on unemployment in a global economy, as well as the effects of globalization on inflation and national stabilization policy.
Nber Reporter
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Author : National Bureau of Economic Research
language : en
Publisher:
Release Date : 1997
Nber Reporter written by National Bureau of Economic Research and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Economics categories.
The Political Economy Of War Debts And Inflation
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Author : Herschel Ivan Grossman
language : en
Publisher:
Release Date : 1988
The Political Economy Of War Debts And Inflation written by Herschel Ivan Grossman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Debts, Public categories.
This paper argues that before World War II the desire to maintain a trustworthy reputation for honoring war debts was an important factor in inducing deflationary postwar monetary policies in both the United Kingdom and the United States. The paper then asks why this policy objective did not serve to induce either a deflationary monetary policy or the honoring in full of war debts following World War II. The discussion focuses on differences in economic and political conditions after World War II, especially the extension of the voting franchise, the increased economic and political power of organized labor, and, perhaps most importantly, the large postwar demands on national resources with which the servicing of World-War-II debts had to compete. The analysis also argues that, because these postwar developments were unforeseeable, but verifiable, contingencies, the partial default on World-War-II debts was excusable and, accordingly, did not cause either the United Kingdom or the United States to lose its trustworthy reputation.