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The Resource Trade costs, market integration, and macroeconomic volatility, Allan D. Brunner and Kanda Naknoi

Trade costs, market integration, and macroeconomic volatility, Allan D. Brunner and Kanda Naknoi

Label
Trade costs, market integration, and macroeconomic volatility
Title
Trade costs, market integration, and macroeconomic volatility
Statement of responsibility
Allan D. Brunner and Kanda Naknoi
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper examines the effects of trade costs on macroeconomic volatility. We first construct a dynamic, two-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs, etc.). The model is a extension of Obstfeld and Rogoff (1995). Naturally, a reduction in trade costs leads to more market integration, as the relative price of foreign goods falls and households increase their consumption of imported goods. In addition, with more market integration, the model predicts that the variability of the real exchange rate should fall, while the variability of the trade balance should increase. Trade costs have ambiguous effects on the volatility of other macro variables, such as income and consumption. Finally, we present some empirical findings that provide mixed support for the model's predictions
Member of
Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Brunner, Allan D
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.03/54 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Naknoi, Kanda
  • IMF Institute
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/03/54
http://library.link/vocab/subjectName
  • Free trade
  • Tariff
  • Imports
  • Consumption (Economics)
  • Foreign trade regulation
  • International economic integration
  • Globalization
  • Commercial policy
  • Libre-échange
  • Tarif douanier
  • Importations
  • Commerce extérieur
  • Consommation (Économie politique)
  • Mondialisation
  • Commercial policy
  • Foreign trade regulation
  • Free trade
  • Globalization
  • International economic integration
  • Tariff
Label
Trade costs, market integration, and macroeconomic volatility, Allan D. Brunner and Kanda Naknoi
Instantiates
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 45-48)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647302860
Dimensions
unknown
Extent
1 online resource (48 pages)
Form of item
online
Isbn
9781281266002
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647302860
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Trade costs, market integration, and macroeconomic volatility, Allan D. Brunner and Kanda Naknoi
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 45-48)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647302860
Dimensions
unknown
Extent
1 online resource (48 pages)
Form of item
online
Isbn
9781281266002
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647302860
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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