Tariff and Equilibrium Indeterminacy--A Note

We explore the equivalence between the factor income taxes (in Schmitt-Grohe and Uribe 1997) in the closed economy and the tariff in the open economy, in the sense that they share similar propagation mechanism of sunspot and fundamental shocks under a balanced-budget rule.

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Year of publication:	2008-06-12
Authors:	Zhang, Yan ; Chen, Yan

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Zhang, Yan and Chen, Yan (2008): Tariff and Equilibrium Indeterminacy--A Note.
Classification:	F41 - Open Economy Macroeconomics ; Q43 - Energy and the Macroeconomy
Source:	BASE

Persistent link: https://www.econbiz.de/10015212158