| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6580 |
| DP6580 Commodity Taxation and Parallel Imports | |
| Nicolas Schmitt; Pascalis Raimondos | |
| 发表日期 | 2007-11-29 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper uses an open economy DSGE model to explore how trade openness affects the transmission of domestic shocks. For some calibrations, closed and open economies appear dramatically different, reminiscent of the implications of Mundell-Fleming style models. However, we argue such stark differences hinge on calibrations that impose an implausibly high trade price elasticity and Frisch elasticity of labour supply. Overall, our results suggest that the main effects of openness are on the composition of expenditure, and on the wedge between consumer and domestic prices, rather than on the response of aggregate output and domestic prices. |
| 主题 | International Macroeconomics |
| 关键词 | Imported intermediate inputs Open economy phillips curve Variable markups |
| URL | https://cepr.org/publications/dp6580 |
| 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/535419 |
| 推荐引用方式 GB/T 7714 | Nicolas Schmitt,Pascalis Raimondos. DP6580 Commodity Taxation and Parallel Imports. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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