Real exchange rate dynamics and trade liberalization: the case of multiple tariffs and unemployment
Author
Abstract
Suggested Citation
DOI: 10.1080/09638199700000019
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Jonathan D. Ostry, 1991. "Trade Liberalization in Developing Countries: Initial Trade Distortions and Imported Intermediate Inputs," IMF Staff Papers, Palgrave Macmillan, vol. 38(3), pages 447-479, September.
- Razin, Assaf & Svensson, Lars E. O., 1983. "Trade taxes and the current account," Economics Letters, Elsevier, vol. 13(1), pages 55-57.
- Obstfeld, Maurice, 1983.
"Intertemporal price speculation and the optimal current-account deficit,"
Journal of International Money and Finance, Elsevier, vol. 2(2), pages 135-145, August.
- Maurice Obstfeld, 1983. "Intertemporal Price Speculation and the Optimal Current-Account Deficit," NBER Working Papers 1100, National Bureau of Economic Research, Inc.
- Sebastian Edwards, 1989. "Tariffs, Capital Controls, and Equilibrium Real Exchange Rates," Canadian Journal of Economics, Canadian Economics Association, vol. 22(1), pages 79-92, February.
- Buffie, Edward F., 1984. "The macroeconomics of trade liberalization," Journal of International Economics, Elsevier, vol. 17(1-2), pages 121-137, August.
- Neary, J. P. & Roberts, K. W. S., 1980.
"The theory of household behaviour under rationing,"
European Economic Review, Elsevier, vol. 13(1), pages 25-42, January.
- Neary, J. P. & Roberts, K. W. S., 1978. "The Theory Of Household Behavior Under Rationing," Economic Research Papers 269030, University of Warwick - Department of Economics.
- Neary, J.P & Roberts, K.W.S, 1978. "The Theory of Household Behaviour under Rationing," The Warwick Economics Research Paper Series (TWERPS) 132, University of Warwick, Department of Economics.
- van Wijnbergen, Sweder, 1987.
"Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 691-706, October.
- van Wijnbergen, Sweder, 1984. "Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism," CEPR Discussion Papers 30, C.E.P.R. Discussion Papers.
- Sweder van Wijnbergen, 1987. "Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism," NBER Working Papers 2261, National Bureau of Economic Research, Inc.
- Obstfeld, Maurice, 1980.
"Intermediate imports, the terms of trade, and the dynamics of the exchange rate and current account,"
Journal of International Economics, Elsevier, vol. 10(4), pages 461-480, November.
- Maurice Obstfeld, 1980. "Intermediate Imports, the Terms of Trade, and the Dynamics of the Exchange Rate and Current Account," NBER Working Papers 0540, National Bureau of Economic Research, Inc.
- Frenkel, Jacob A & Razin, Assaf, 1987. "Fiscal Policies and the World Economy; An Intertemporal Approach (Cambridge, Mass.: MIT Press, 1987)," MPRA Paper 20438, University Library of Munich, Germany.
- Rodrik, Dani, 1987. "Trade and capital-account liberalization in a keynesian economy," Journal of International Economics, Elsevier, vol. 23(1-2), pages 113-129, August.
- Ocampo, JoseAntonio, 1987. "The macroeconomic effect of import controls : A Keynesian analysis," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 285-305, October.
- Bharat Hazari & Pasquale Sgro, 1996. "Free trade zones, tariffs and the real exchange rate," Open Economies Review, Springer, vol. 7(3), pages 199-217, July.
- Dornbusch, Rudiger, 1983.
"Real Interest Rates, Home Goods, and Optimal External Borrowing,"
Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 141-153, February.
- Rudiger Dornbusch, 1981. "Real Interest Rates, Home Goods, and Optimal External Borrowing," NBER Working Papers 0779, National Bureau of Economic Research, Inc.
- Edwards, Sebastian & Ostry, Jonathan D., 1990. "Anticipated protectionist policies, real exchange rates, and the current account: the case of rigid wages," Journal of International Money and Finance, Elsevier, vol. 9(2), pages 206-219, June.
- Sachs, Jeffrey, 1982. " The Current Account in the Macroeconomic Adjustment Process," Scandinavian Journal of Economics, Wiley Blackwell, vol. 84(2), pages 147-159.
- Svensson, Lars E O & Razin, Assaf, 1983. "The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 97-125, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Rattso, Jorn & Torvik, Ragnar, 1998. "Economic openness, trade restrictions and external shocks: modelling short run effects in Sub-Saharan Africa," Economic Modelling, Elsevier, vol. 15(2), pages 257-286, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tarlok Singh, 2007. "Intertemporal Optimizing Models Of Trade And Current Account Balance: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 25-64, February.
- Obstfeld, Maurice & Rogoff, Kenneth, 1995.
"The intertemporal approach to the current account,"
Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 34, pages 1731-1799,
Elsevier.
- Maurice Obstfeld and Kenneth Rogoff., 1994. "The Intertemporal Approach to the Current Account," Center for International and Development Economics Research (CIDER) Working Papers C94-044, University of California at Berkeley.
- Obstfeld, Maurice & Rogoff, Kenneth, 1994. "The Intertemporal Approach to the Current Account," Center for International and Development Economics Research (CIDER) Working Papers 233395, University of California-Berkeley, Department of Economics.
- Maurice Obstfeld & Kenneth Rogoff, 1994. "The Intertemporal Approach to the Current Account," NBER Working Papers 4893, National Bureau of Economic Research, Inc.
- Jonathan D. Ostry & Carmen M. Reinhart, 1992.
"Private Saving and Terms of Trade Shocks: Evidence from Developing Countries,"
IMF Staff Papers, Palgrave Macmillan, vol. 39(3), pages 495-517, September.
- Reinhart, Carmen & Ostry, Jonathan, 1991. "Private Saving and Terms of Trade Shocks," MPRA Paper 13716, University Library of Munich, Germany.
- Reinhart, Carmen & Ostry, Jonathan, 1992. "Saving and Terms of Trade Shocks: Evidence from Developing Countries," MPRA Paper 6976, University Library of Munich, Germany.
- Singh, Tarlok, 2004. "On the optimizing model of the balance of trade in India," Journal of Policy Modeling, Elsevier, vol. 26(5), pages 605-625, July.
- Hossain, Ferdaus, 1995. "Current account determination in the intertemporal framework: an empirical analysis," ISU General Staff Papers 1995010108000011939, Iowa State University, Department of Economics.
- Fernando Pérez de Gracia & Juncal Cuñado, "undated".
"Intertemporal Current Account and Productivity Shocks: Evidence for Some European Countries,"
Working Papers on International Economics and Finance
01-05, FEDEA.
- Fernando Perez de Gracia & Juncal Cuñado, 2001. "Intertemporal Current Account And Productivity Shocks: Evidence For Some European Countries," Working Papers 01-05, Asociación Española de Economía y Finanzas Internacionales.
- Davis, George K. & Miller, Norman C., 1996. "Exchange rate mean reversion from real shocks within an intertemporal equilibrium model," Journal of International Money and Finance, Elsevier, vol. 15(6), pages 947-967, December.
- Peura, Tapio, 1989. "An assessment of current account imbalance," Bank of Finland Research Discussion Papers 36/1989, Bank of Finland.
- Chen Fang & Po-Sheng Lin, 2013. "Traded Bond Denominations, Shock Persistence and Current Account Dynamics: Another Look at the Harberger–Laursen–Metzler Effect," Pacific Economic Review, Wiley Blackwell, vol. 18(4), pages 502-529, October.
- Shinsuke Ikeda, 2003.
"Tariffs, Time Preference, and the Current Account under Weakly Nonseparable Preferences,"
Review of International Economics, Wiley Blackwell, vol. 11(1), pages 101-113, February.
- Ikeda & S., 2000. "Tariffs, Time Preference, and the Current Account under Weakly Nonseparable Preferences," ISER Discussion Paper 0519, Institute of Social and Economic Research, Osaka University.
- Persson, Torsten, 1985.
"Deficits and intergenerational welfare in open economies,"
Journal of International Economics, Elsevier, vol. 19(1-2), pages 67-84, August.
- Torsten Persson, 1983. "Deficits and Intergenerational Welfare in Open Economies," NBER Working Papers 1083, National Bureau of Economic Research, Inc.
- Michael Mussa, 1985. "The Real Exchange Rate as a Tool of Commercial Policy," NBER Working Papers 1577, National Bureau of Economic Research, Inc.
- Aart Kraay & Jaume Ventura, 2000.
"Current Accounts in Debtor and Creditor Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1137-1166.
- Kraay, Aart*Ventura, Jaume, 1997. "Current accounts in debtor and creditor countries," Policy Research Working Paper Series 1825, The World Bank.
- Kraay, A. & Ventura, J., 1997. "Current Acounts in Debtor and Creditor Countries," Working papers 97-12, Massachusetts Institute of Technology (MIT), Department of Economics.
- Obstfeld, Maurice, 1996.
"Intertemporal price speculation and the optimal current-account deficit: reply and clarification,"
Journal of International Money and Finance, Elsevier, vol. 15(1), pages 141-147, February.
- Obstfeld, Maurice & Obstfeld, Maurice, 1996. "Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification," Center for International and Development Economics Research, Working Paper Series qt5n37z46f, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Obstfeld, Maurice, 1996. "Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification," Center for International and Development Economics Research (CIDER) Working Papers 233425, University of California-Berkeley, Department of Economics.
- Maurice Obstfeld., 1996. "Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification," Center for International and Development Economics Research (CIDER) Working Papers C96-063, University of California at Berkeley.
- Peura, Tapio, 1989. "An assessment of current account imbalance," Research Discussion Papers 36/1989, Bank of Finland.
- Maurice Obstfeld, 1985.
"The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(4), pages 605-625.
- Maurice Obstfeld, 1984. "The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation," NBER Working Papers 1456, National Bureau of Economic Research, Inc.
- Serven, Luis, 1999.
"Terms-of-trade shocks and optimal investment: another look at the Laursen-Metzler effect,"
Journal of International Money and Finance, Elsevier, vol. 18(3), pages 337-365.
- Serven, Luis, 1995. "Terms-of-trade shocks and optimal investment : another look at the Laursen-Metzler effect," Policy Research Working Paper Series 1424, The World Bank.
- CARDI, Oliver & BERTINELLI, Luisito, 2004. "A formal model of krugman’s intuition on the J-curve," LIDAM Discussion Papers CORE 2004043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- repec:zbw:bofrdp:1989_036 is not listed on IDEAS
- Alan V. Deardorff, 2016. "What Do We (and Others) Mean by "The Terms of Trade"?," Working Papers 651, Research Seminar in International Economics, University of Michigan.
- Cardi, Olivier, 2007.
"Another View Of The J-Curve,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 153-174, April.
- Olivier, CARDI, 2005. "Another View of the J-Curve," Discussion Papers (ECON - Département des Sciences Economiques) 2005029, Université catholique de Louvain, Département des Sciences Economiques.
More about this item
Keywords
Dependent economy model; dynamics; trade liberalization;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jitecd:v:6:y:1997:i:3:p:329-344. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJTE20 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.