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Tariffs, Time Preference, and the Current Account under Weakly Nonseparable Preferences

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  • Ikeda
  • S.

Abstract

Incorporating weakly nonseparable preferences into the familiar time-preference model, we emphasize a role of steady-state welfare changes in determining the effect of permanent tariffs on the current account.

Suggested Citation

  • 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.
  • Handle: RePEc:dpr:wpaper:0519
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    References listed on IDEAS

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    12. Sen, Partha & Turnovsky, Stephen J, 1989. "Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 811-831, November.
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    Citations

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    Cited by:

    1. Yoshiyasu Ono, 2010. "Trade Policy, Exchange Rate Adjustment and Unemployment," Chapters,in: Globalization and Economic Integration, chapter 7 Edward Elgar Publishing.
    2. Yoshiyasu Ono, 2006. "Protective Trade Policies 'Reduce' Employment: A Dynamic Optimization Approach," ISER Discussion Paper 0659, Institute of Social and Economic Research, Osaka University.
    3. Yoshiyasu Ono, 2014. "International Economic Interdependence and Exchange-rate Adjustment under Persistent Stagnation," The Japanese Economic Review, Japanese Economic Association, vol. 65(1), pages 70-92, March.

    More about this item

    Keywords

    TARIFFS ; SOCIAL WELFARE ; PREFERENCES;

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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