Policy mix and the U.S. trade balance
نویسندگان
چکیده
منابع مشابه
Foreign Lobbies and US Trade Policy∗
In popular discussion much has been made recently of the susceptibility of government policies to lobbying by foreigners. The general presumption has also been that such interactions have a deleterious effect on the home economy. However, it can be argued that, in a trade policy context, bending policy in a direction that would suit foreigners may not in fact be harmful: If the policy outcome a...
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This paper investigates the effects of fiscal policy on the trade balance using a structural factor model. A fiscal policy shock worsens the trade balance and produces an appreciation of the domestic currency but the effects are quantitatively small. The findings match the theoretical predictions of the standard Mundell-Fleming model, although fiscal policy should not be considered one of the m...
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This paper examines whether domestic and foreign productivity and fiscal policy changes can account for the wide swings in US net exports during the period 1975]1991. A two-country Real Business Cycle model is used for that purpose. The model is simulated using data on productivity, government purchases and taxes, for the G7 countries. A version of the model with incomplete asset markets, in wh...
متن کاملNber Working Paper Series Foreign Lobbies and Us Trade Policy
In popular discussion much has been made recently of the susceptibility of government policies to lobbying by foreigners. The general presumption has also been that such interactions have a deleterious effect on the home economy. However, it can be argued that, in a trade policy context, bending policy in a direction that would suit foreigners may not in fact be harmful: If the policy outcome a...
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Significant recent attention, in both research and policy realms, has been given to the intersection of international trade and global climate change. Trade presents challenges to climate policy through carbon leakage and competitiveness concerns, but also potential solutions through the use of cooperative trade agreements, technology transfer, or carbon tariffs against recalcitrant nations. Th...
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ژورنال
عنوان ژورنال: International Finance
سال: 2018
ISSN: 1367-0271,1468-2362
DOI: 10.1111/infi.12334