| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6447 |
| DP6447 Does a 'Two-Pillar Phillips Curve' Justify a Two-Pillar Monetary Policy Strategy? | |
| Michael Woodford | |
| 发表日期 | 2007-09-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Using a repeated game approach, this paper models a North-South trade agreement under which North offers South improved market access (via a tariff reduction) if South agrees to prevent local imitation by strengthening its protection of intellectual property rights (IPRs). We show that such an agreement arises in equilibrium if South's imitative capacity is neither too high nor too low. The paper also considers a scenario where Southern protection of IPRs is induced via a North-South transfer. A comparison of the two instruments shows that one instrument does not unambiguously dominate the other in terms of sustaining cooperation. We also analyze whether and how the availability of the second instrument affects cooperation given that one instrument is already available. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Intellectual property rights International cooperation Market access Tariffs Trade agreements Transfers |
| URL | https://cepr.org/publications/dp6447 |
| 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/535308 |
| 推荐引用方式 GB/T 7714 | Michael Woodford. DP6447 Does a 'Two-Pillar Phillips Curve' Justify a Two-Pillar Monetary Policy Strategy?. 2007. |
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