Effects of Macroeconomic Transmission of Tariffs
A frequent threat to world economic development is the rise of protectionism in international trade. It is well-known and well-documented that relatively free trade conditions foster economic growth and welfare as compared with an environment with significant barriers to trade, be it in the form of tariffs, quotas or other non-tariff barriers to trade. And as regards the world debt problem, a move away from free trade is likely to hamper the process of solving this problem.
KeywordsExchange Rate Interest Rate Money Supply Real Income Money Demand
Unable to display preview. Download preview PDF.
- Boyer, Russel S. (1977) ‘Commercial Policy under Alternative Exchange Rate Regimes’, Canadian Journal of Economics, no. 10, pp. 218–32.Google Scholar
- Chan, Kenneth Shun-yen (1978) ‘The Employment Effects of Tariffs under a Free Exchange Rate Regime’, Journal of International Economics, no. 8, pp. 415–23.Google Scholar
- Cuddington, John T., Johansson, Per-Olav and Lofgren, Karl-Gustav (1984) Disequilibrium Macroeconomics for Open Economies (Oxford: Blackwell).Google Scholar
- Krugman, Paul (1982) ‘The Macroeconomics of Protection with a Floating Exchange Rate’, Carnegie-Rochester Conference Series on Public Policy, no. 11, pp. 141–81.Google Scholar
- Mundell, Robert (1961) ‘Flexible Exchange Rates and Employment Policy’, Canadian Journal of Economics, vol. 27, pp. 509–17.Google Scholar
- Tower, Edward (1973) ‘Commercial Policy under Fixed and Flexible Exchange Rates’, Quarterly Journal of Economics, no. 87, pp. 436–54.Google Scholar