Trade Policy and Macroeconomic Balance in the World Economy

Nopic
The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The "savings-and-investment approach" is used. It shows that there is no presumption that protection would reduce a deficit. With a... READ MORE...

Publication date: November 1988
ISBN 9781451948455
$10.00

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Publication date: November 1988

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