Protectionism, exchange rates and the macroeconomy
Author(s)
Bibliographic Information
Protectionism, exchange rates and the macroeconomy
(Modern revivals in economics)
Gregg Revivals, c1992
Available at / 14 libraries
-
No Libraries matched.
- Remove all filters.
Note
"First published in Great Britain in 1985 by Basil Blackwell Ltd. Reprint in 1992 by Gregg Revivals"--T.p. verso
Includes bibliographical references and index
Description and Table of Contents
Description
Against a background of persistent international economic recession and the failure of traditional monetary and fiscal policies to reverse the decline, the authors consider the central policy concern of whether import controls at an aggregate level can be used to reduce unemployment and raise national output. Taking several models of a small open economy operating under flexible exchange rates, the effects of both permanent and temporary tariffs on the nation's economic welfare and its imports from the rest of the world. The main conclusions from this study are that protectionism can raise aggregate output and alleviate unemployment; the effects on the macroeconomy of conventional demand management policies can be strengthened if the domestic economy is already being protected; a country's economy can be improved by a general tariff; and a general tariff need not provoke retaliation as it can lead to an increased demand for its exports by the domestic economy.
Table of Contents
- The open economy and the effects of economic policy - an introduction
- tariffs in a Mundellian-Keynesian model
- output, the exchange rate and quotas
- commercial policy, capital mobility in the fixed price model with a money sector
- tariffs under capital mobility and rational expectations
- commercial policy and the portfolio model
- commercial policy, government stabilization policy, output and employment under rigid real wages
- commercial, monetary and fiscal policy in a dynamic macromodel with flexible prices and wages.
by "Nielsen BookData"