External shocks, policy response and economic performance
|Title:||External shocks, policy response and economic performance||Authors:||Neary, J. Peter||Permanent link:||http://hdl.handle.net/10197/1740||Date:||11-Sep-1993||Abstract:||This paper examines the responsiveness of real income and the balance of payments to external shocks in a small open economy. It is shown that tariff restrictions and age rigidities tend to increase responsiveness and quota restrictions tend to educe it. The implications for policy response are considered and a micro-theoretic foundation for the distinction between expenditure-reducing and expenditure-switching policies is provided.||Funding Details:||World Bank||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP93/28||Keywords:||International trade policy; Tariffs and quotas; Domestic distortions; Shadow prices; External shocks||Subject LCSH:||Commercial policy
States, Small--Economic conditions
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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