The Gains from Trade for a Monetary Economy Once Again
AbstractThe authors examine the effects of free trade on a small open economy within a dynamic generalized cash-in-advance model. They provide a complete characterization for the possibility of harmful trade and suggest alternative economic policies that can convert the loss associated with free trade into a gain. They authors also find, contrary to standard results, that there exists an optimal tariff for a small open economy, and they use calibration methods to assess its value.
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Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 30 (1997)
Issue (Month): 1 (February)
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Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
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Other versions of this item:
- Theodore, Palivos & Chong K. Yip, 1996. "The Gains from Trade for a Monetary Economy Once Again," Departmental Working Papers _071, Chinese University of Hong Kong, Department of Economics.
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- Theodore Palivos & Nikos Tsakiris, 2011.
"Trade and Tax Reforms in a Cash-in-Advance Economy,"
Southern Economic Journal,
Southern Economic Association, vol. 77(4), pages 1014-1032, April.
- Theodore Palivos & Nikos Tsakiris, 2009. "Trade and Tax Reforms in a Cash-in-Advance Economy," University of Cyprus Working Papers in Economics 1-2009, University of Cyprus Department of Economics.
- Theodore Palivos & Nikos Tsakiris, 2010. "Trade and Tax Reforms in a Cash-in-Advance Economy," Discussion Paper Series 2010_07, Department of Economics, University of Macedonia, revised Apr 2010.
- Chao, Chi-Chur & Yu, Eden S. H., 1999. "Shadow prices and trade restrictions in a monetary economy," Journal of Macroeconomics, Elsevier, vol. 21(4), pages 755-764.
- Wenli Cheng & Dingsheng Zhang, 2012.
"International Transmission of Monetary Shocks and the Non‐neutrality of International Money,"
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Wiley Blackwell, vol. 20(1), pages 134-149, 02.
- Wenli Cheng & Dingsheng Zhang, 2011. "International Transmission of Monetary Shocks and the Non-Neutrality of International Money," CEMA Working Papers 434, China Economics and Management Academy, Central University of Finance and Economics.
- Chi-Chur Chao & Chong Yip, 2001. "Non-traded goods and optimal trade policy in a cash-in-advance economy," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 10(1), pages 23-37.
- Chi-Chur Chao & Eden S. H. Yu, 2002. "Quantitative Restrictions and Foreign Investment in a Monetary Economy," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 1(1), pages 25-32, April.
- Chi-Chur Chao & Chong Yip, 2000. "Urban unemployment and optimal trade policy in a cash-in-advance economy," Journal of Economics, Springer, vol. 71(1), pages 59-77, February.
- Eduardo L. Giménez & José María Martín-Moreno, . "Title: Monetary shocks and business cicle in the Spanish economy," Studies on the Spanish Economy 43, FEDEA.
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