Beware the Side Effects: Capital Controls, Trade and Misallocation
收藏NBER2023-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30963
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Capital controls are an effective credit-management tool but they have serious side effects. Analyzing a dynamic Melitz-OLG model in which firms face credit constraints, we find that capital controls worsen misallocation and hurt exports. Misallocation worsens through static effects that lower
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美国国家经济研究局创建时间：
2023-02-01
