five

Rules and Discretion in Trade Policy

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NBER1988-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2658
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We argue in this paper that the second-best nature of trade-policy intervention makes it likely that the issue of time consistency viii be an important consideration in determining both the extent and the efficacy of such intervention in most environments. The point is seen most directly by noting
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1988-07-01
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