ANTICIPATED PROTECTIONIST POLICIES, REAL EXCHANGE-RATES, AND THE CURRENT ACCOUNT - THE CASE OF RIGID WAGES

被引：13

作者：

EDWARDS, S ^{[1
]}

OSTRY, JD ^{[1
]}

机构：

[1] INT MONETARY FUND,RES DEPT,WASHINGTON,DC 20433

来源：

JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 1990年 / 9卷 / 02期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1016/0261-5606(90)90031-T

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this paper we develop a general equilibrium model of an economy with short-run unemployment to analyze how anticipated protectionist policies affect real exchange rates, the current account and aggregate employment. We find that a key transmission channel is the change in current employment induced by future changes in tariffs. We show that the direction and magnitude of this effect will depend on relative factor intensities and on real exchange rate behavior. If a future tariff generated a current real exchange rate appreciation and if nontradables are labor intensive, the anticipation of protectionist policies will generate an increase in current employment. © 1990.

引用

页码：206 / 219

页数：14

共 19 条

[11] INTERNATIONAL FACTOR MOBILITY, MINIMUM-WAGE RATES, AND FACTOR-PRICE EQUALIZATION - A SYNTHESIS [J].