The Trade Balance in Monetary General Equilibrium

1st Edition

Kenneth W. Clements

Routledge
Published April 19, 2017
Reference - 132 Pages
ISBN 9781138633506 - CAT# Y322788
Series: Routledge Library Editions: Monetary Economics

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Summary

This title, first published in 1984, is a contribution to applied international trade theory. The author explores the specification and estimation of a multisector general equilibrium model of the open economy. The model is formulated with the aim of assessing empirically the effects of three key policy variables on trade flows, domestic prices, and the trade balance. The policy variables with which the author is concerned are the rate of growth of the stock of domestic credit, commercial policy, as represented by tariffs, and, finally, the exchange rate. This title will be of interest to students of economics.

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