G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3591
DP3591 Monetary and Fiscal Policy Interactions in a Micro-Funded Model of a Monetary Union
Roel Beetsma; Henrik Jensen
发表日期2002-10-20
出版年2002
语种英语
摘要We evaluate the quantitative effects of introducing costs of transporation into an international trade model. We model these costs through the introduction of international transportation services sector. Costs of transportation have substantial long-run effects on welfare and may impact on the pattern of trade. However, business cycle effects on relative price movements and on international comovements are less pertinent since decreased trade volatility counteracts the effects of transportation cost variations. Nevertheless, it is also shown that costs of transportation combined with delivery lags go a long way towards resolving, in particular, the international comovement puzzle.
主题International Macroeconomics
关键词International business cycles Costs of transportation Home-bias in trade Terms of trade Real exchange rates International comovements Delivery lags
URLhttps://cepr.org/publications/dp3591
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/532598
推荐引用方式
GB/T 7714
Roel Beetsma,Henrik Jensen. DP3591 Monetary and Fiscal Policy Interactions in a Micro-Funded Model of a Monetary Union. 2002.
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