Uniform Trade Taxes Devaluation And The Real Exchange Rate
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Author | : Stephen A. O'Connell |
Publisher | : World Bank Publications |
Total Pages | : 55 |
Release | : 1989 |
Genre | : Politica economica |
ISBN | : |
Download Uniform trade taxes, devaluation, and the real exchange rate : a theoretical analysis Book in PDF, Epub and Kindle
Author | : Stephen A. O'Connell |
Publisher | : |
Total Pages | : 47 |
Release | : 1989 |
Genre | : Foreign exchange |
ISBN | : |
Download Uniform Trade Taxes, Devaluation, and the Real Exchange Rate Book in PDF, Epub and Kindle
Author | : Stephen A. O'Connell |
Publisher | : |
Total Pages | : 60 |
Release | : 1989 |
Genre | : Foreign exchange |
ISBN | : |
Download Uniform Trade Taxes, Devaluation, and the Real Exchange Rate Book in PDF, Epub and Kindle
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 86 |
Release | : 1990 |
Genre | : Developing countries |
ISBN | : |
Download PRE Working Papers Book in PDF, Epub and Kindle
Author | : |
Publisher | : |
Total Pages | : 20 |
Release | : 1993 |
Genre | : Capital gains tax |
ISBN | : |
Download Basis of Assets Book in PDF, Epub and Kindle
Author | : Jesper Lindé |
Publisher | : International Monetary Fund |
Total Pages | : 54 |
Release | : 2017-07-07 |
Genre | : Business & Economics |
ISBN | : 1484306112 |
Download The Macroeconomic Effects of Trade Tariffs Book in PDF, Epub and Kindle
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain quantitatively important long-term deviations under complete international asset markets. Direct pass-through of tariffs and subsidies to prices and slow exchange rate adjustment can also generate significant short-term deviations from Lerner. Finally, we quantify the macroeconomic costs of a trade war and find that they can be substantial, with permanently lower income and trade volumes. However, a fully symmetric retaliation to a unilaterally imposed border adjustment tax can prevent any real or nominal effects.
Author | : Alberto Cavallo |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2019-11-01 |
Genre | : Business & Economics |
ISBN | : 1513518380 |
Download Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy Book in PDF, Epub and Kindle
We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 28 |
Release | : |
Genre | : |
ISBN | : |
Download Optimal Commodity Taxes Under Rationing Book in PDF, Epub and Kindle
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 63 |
Release | : |
Genre | : |
ISBN | : |
Download International Differences in Wage and Nonwage Labor Costs Book in PDF, Epub and Kindle
Author | : Sebastian Edwards |
Publisher | : Johns Hopkins University Press |
Total Pages | : 110 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : |
Download Exchange Rate Misalignment in Developing Countries Book in PDF, Epub and Kindle
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.