| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7537 |
| DP7537 How much nominal rigidity is there in the US Economy? Testing a New Keynesian DSGE model using indirect inference | |
| Patrick Minford; Michael R. Wickens; Vo Phuong Mai Le | |
| 发表日期 | 2009-11-08 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We provide a simple but novel model of trade agreements that highlights the role of transaction costs, renegotiation and dispute settlement. The model allows us to characterize the appropriate remedy for breach and whether the agreement should be structured as a system of "property rights" or "liability rules." We then study how the optimal rules depend on the underlying economic and contracting environment. Our model also delivers predictions about the outcome of trade disputes, and in particular about the propensity of countries to settle early versus "fighting it out." |
| 主题 | International Trade and Regional Economics |
| 关键词 | Breach remedies Dispute settlement International trade agreements |
| URL | https://cepr.org/publications/dp7537 |
| 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/536373 |
| 推荐引用方式 GB/T 7714 | Patrick Minford,Michael R. Wickens,Vo Phuong Mai Le. DP7537 How much nominal rigidity is there in the US Economy? Testing a New Keynesian DSGE model using indirect inference. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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