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Some Fresh Perspectives on Price-Support Policies: Technical Paper 2000-4

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  • Preston Miller

Abstract

Trade protection remains a prominent feature of the current world economy and likely has significant effects on industries and macroeconomies. In this paper a particular type of policy, price supports, is analyzed in a two-country, dynamic, general equilibrium model. This model brings new perspectives to the analysis in that it is monetary and has labor mobility within countries between the traded-goods and non-traded-goods sectors. It is found that: (1) The introduction of price supports in an economy benefits only the agents currently working in the traded-goods sector. (

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  • Preston Miller, 2000. "Some Fresh Perspectives on Price-Support Policies: Technical Paper 2000-4," Working Papers 13336, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:13336
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    File URL: https://www.cbo.gov/sites/default/files/106th-congress-1999-2000/workingpaper/20004_0.pdf
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    References listed on IDEAS

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    1. Chin, Daniel M. & Miller, Preston J., 1998. "Fixed vs. floating exchange rates: A dynamic general equilibrium analysis," European Economic Review, Elsevier, vol. 42(7), pages 1221-1249, July.
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