Temporary Import Tariffs, the Real Exchange Rate and the Current Account:
In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open economy th...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1988
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Schriftenreihe: | IMF Working Papers
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Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
Zusammenfassung: | In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open economy that produces and consumes three goods each period. It is shown that, without imposing rigidities or adjustment costs, interesting paths for the equilibrium real exchange rate can be generated. In particular "equilibrium overshooting" can be observed. Precise conditions under which a temporary import tariff will worsen the current account in period 1 are derived. Several ways in which the model can be extended are discussed |
Beschreibung: | 1 Online-Ressource (36 p) |
ISBN: | 1451955340 9781451955347 |
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spelling | International Monetary Fund Verfasser aut Temporary Import Tariffs, the Real Exchange Rate and the Current Account Washington, D.C International Monetary Fund 1988 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open economy that produces and consumes three goods each period. It is shown that, without imposing rigidities or adjustment costs, interesting paths for the equilibrium real exchange rate can be generated. In particular "equilibrium overshooting" can be observed. Precise conditions under which a temporary import tariff will worsen the current account in period 1 are derived. Several ways in which the model can be extended are discussed Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15396-9781451955347/15396-9781451955347/15396-9781451955347.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_auth | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_exact_search | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_exact_search_txtP | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_full | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_fullStr | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_full_unstemmed | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_short | Temporary Import Tariffs, the Real Exchange Rate and the Current Account |
title_sort | temporary import tariffs the real exchange rate and the current account |
url | http://elibrary.imf.org/view/IMF001/15396-9781451955347/15396-9781451955347/15396-9781451955347.xml |
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