Effects of Macroeconomic Transmission of Tariffs

  • Søren Bo Nielsen


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.


Exchange Rate Interest Rate Money Supply Real Income Money Demand 
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Copyright information

© H. W. Singer and Soumitra Sharma 1989

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  • Søren Bo Nielsen

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