The Trade Balance in Monetary General Equilibrium

Download or read book The Trade Balance in Monetary General Equilibrium written by Kenneth W. Clements and published by Routledge. This book was released on 2017-04-28 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title, first published in 1984, is a contribution to applied international trade theory. The author explores the specification and estimation of a multisector general equilibrium model of the open economy. The model is formulated with the aim of assessing empirically the effects of three key policy variables on trade flows, domestic prices, and the trade balance. The policy variables with which the author is concerned are the rate of growth of the stock of domestic credit, commercial policy, as represented by tariffs, and, finally, the exchange rate. This title will be of interest to students of economics.