Shock Versus Gradualism in Models of Rational Expectations : The Case of Trade Liberalization /

This paper provides a new argument for 'shock' versus 'gradualism' in the implementation of trade policies. In the simple context of a small open economy with rational expectations, we consider the comparative welfare effects of eliminating an import tariff either immediately as...

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Hlavní autor: Auernheimer, Leonardo
Další autoři: George, Susan
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1997.
Edice:IMF Working Papers; Working Paper ; No. 1997/122
On-line přístup:Full text available on IMF