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 InfoPaper provided by Chinese University of Hong Kong, Department of Economics in its series Departmental Working Papers with number _071.
Date of creation: Aug 1996
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- Theodore Palivos & Chong K. Yip, 1997. "The Gains from Trade for a Monetary Economy Once Again," Canadian Journal of Economics, Canadian Economics Association, vol. 30(1), pages 208-23, February.
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- 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.
- 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.
- 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.
- Wenli Cheng & Dingsheng Zhang, 2012. "International Transmission of Monetary Shocks and the Non‐neutrality of International Money," Review of International Economics, Wiley Blackwell, vol. 20(1), pages 134-149, 02.
- Chi-Chur Chao & Chong Yip, 2001. "Non-traded goods and optimal trade policy in a cash-in-advance economy," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 10(1), pages 23-37.
- Eduardo L. Giménez & José María Martín-Moreno, . "Title: Monetary shocks and business cicle in the Spanish economy," Studies on the Spanish Economy 43, FEDEA.
- 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.
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