| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1510 |
| DP1510 Price-level Targeting versus Inflation Targeting: A Free Lunch? | |
| Lars E.O. Svensson | |
| 发表日期 | 1996-11-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper examines the theoretical arguments and historical evidence about whether regionalism undermines the multilateral trading system. It first considers how to define multilateralism and then surveys over 60 recent contributions to the literature. It classifies theoretical models by four criteria: their assumed objective functions (national welfare versus pressure group interests); symmetric versus asymmetric models; one-off versus repeated games; and how they determine post-integration policies. It finds significant theoretical arguments and historical evidence on both sides of the debate. Very tentative conclusions include that regionalism may: help to liberalize very restrictive trade regimes; increase the vulnerability of less restrictive ones to break down; and be more likely to be harmful if governments are subject to sector-specific lobbying forces. |
| 主题 | International Trade and Regional Economics |
| 关键词 | European integration Multilateral trading system Regional integration |
| URL | https://cepr.org/publications/dp1510 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530650 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson. DP1510 Price-level Targeting versus Inflation Targeting: A Free Lunch?. 1996. |
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