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Macroeconomic Effects of International Trade

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The New Palgrave Dictionary of Economics

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Abstract

International trade can affect the macroeconomy by helping to transmit disturbances from one economy to another and by muting or amplifying the impact of fiscal and monetary policies on economic activity. Representative open economy macro models are discussed, highlighting the role different theoretical features play in influencing the channels through which trade flows can have macro effects.

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Reuven Glick

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  1. Reuven Glick
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Glick, R. (2018). Macroeconomic Effects of International Trade. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2485

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