Trade Costs, Market Integration, and Macroeconomic Volatility /
This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs, et cetera). The model is a extension of Obstfeld and Rogo...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2003.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2003/054 |
| Accesso online: | Full text available on IMF |