Trade Reforms of Uncertain Duration and Real Uncertainty : A First Approximation /

This paper examines trade reforms of uncertain duration undertaken in economies subject to real foreign and domestic shocks. These reforms induce consumption and import booms regardless of whether they succeed or fail and of the degree of intertemporal elasticity of substitution. If tariff revenue i...

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Hlavní autor: Calvo, Guillermo
Další autoři: Mendoza, Enrique
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1994.
Edice:IMF Working Papers; Working Paper ; No. 1994/045
On-line přístup:Full text available on IMF