The Macroeconomic Effects of Trade Tariffs : Revisiting the Lerner Symmetry Result /
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain quantitativ...
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Natura: | Periodico |
Lingua: | English |
Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2017.
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Serie: | IMF Working Papers; Working Paper ;
No. 2017/151 |
Accesso online: | Full text available on IMF |