| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11980 |
| DP11980 Wedges: Distribution, Distortions, and Market Integration | |
| Giuseppe Bertola | |
| 发表日期 | 2017-04-21 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper proposes a stylized model of policy determination and imperfect international integration. A policy wedge aims to correct laissez-faire market imperfections and/or redistribute welfare across heterogeneous agents. Policy is subject to both race-to-the-bottom and beggar-thy-neighbor forces if the country's politico-economic equilibrium interacts with the rest of the world. Variation of international market wedges induces patterns of country-specific regulation and deregulation that depend on political and structural features in non-obvious, intuitive, and empirically realistic ways. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Policy competition Capital mobility |
| URL | https://cepr.org/publications/dp11980 |
| 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/540792 |
| 推荐引用方式 GB/T 7714 | Giuseppe Bertola. DP11980 Wedges: Distribution, Distortions, and Market Integration. 2017. |
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