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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3591 |
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 |
URL | https://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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