Zhang, Yan and Chen, Yan (2008): Tariff and Equilibrium Indeterminacy--A Note.
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We explore the equivalence between the factor income taxes (in Schmitt-Grohe and Uribe 1997) in the closed economy and the tariff in the open economy, in the sense that they share similar propagation mechanism of sunspot and fundamental shocks under a balanced-budget rule.
|Item Type:||MPRA Paper|
|Original Title:||Tariff and Equilibrium Indeterminacy--A Note|
|Keywords:||Sunspots; Endogenous Tariff Rate; Comovement|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy
|Depositing User:||Yan Zhang|
|Date Deposited:||17. Aug 2008 13:00|
|Last Modified:||19. Feb 2013 00:59|
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