Tariffs, the Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics

In this paper we investigate the relation between tariff changes, terms of trade changes and the equilibrium real exchange rate. For this purpose we use two models of a small open economy: (1) a three goods version of the Ricardo-Viner model; and (2) a three goods model with full intersectoral

本文旨在探究关税变动、贸易条件(terms of trade)变动与均衡实际汇率(equilibrium real exchange rate)之间的关联。为此，我们采用两类小型开放经济(small open economy)模型：(1) 李嘉图-维纳模型(Ricardo-Viner model)的三商品版本；(2) 具备完全部门间