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作者:ARNDT, SW
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作者:BOND, E
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作者:GHOSH, AR
摘要:The portfolio balance channel for sterilised intervention is tested by examining the effects of changes in relative asset supplies on the dollar-Deutschemark rate during the 1980s. In contrast to previous studies. we control for any signalling effects of central bank intervention and find a weak, but statistically significant, portfolio balance influence on the exchange rate.
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作者:MOORE, MO; SURANOVIC, SM
作者单位:George Washington University
摘要:Import-competing industries in many democracies can pursue import relief via administered protection (AP) procedures or can lobby politicians directly. In this paper an industry chooses the option that maximizes expected profits. Both the AP and lobbying processes require a fixed resource cost and have an associated subjective probability of success. We show that policy reforms that decrease the probability of success under administered protection or lobbying may reduce expected national welfa...
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作者:YANG, CC; TSAI, TR
摘要:This paper investigates optimum North-South tariffs by taking into consideration the fact that tariffs serve mainly as trade policy in the North, but serve as revenue policy as well as trade policy in the South. A statically and endogenously determined conjectural variation is devised to approach the problem. We show that, among other things, there are many possibilities for the North optimally to choose the zero tariff other than only in the case where the elasticity of the South's supply of ...
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作者:BURDA, M
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作者:WEINSTEIN, DE
摘要:This paper presents an analysis of the effects of market structure on the propensity of firms to dump goods. The analysis of Brander and Krugman is extended to show that in the presence of transportation costs, bilateral intra-industry trade is not possible without dumping. Contrary to the conventional wisdom, this paper finds that firms in markets with a large number of domestic competitors are more prone to dump unilaterally than firms in less competitive markets. This dumping is not predato...
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作者:VANDERPLOEG, F