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Four Observations on Modern International Commercial Policy under Floating Exchange Rates

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NBER1981-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0715
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资源简介:
This paper describes the essential similarity between "modern" commercial policy, with its rent-like revenues, and capital transfers. Import barriers are shown to have consequently ambiguous effects on nominal and real exchange rates. The paper also examines some important supply-side welfare Costs
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1981-07-01
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