H. Jager
University of Amsterdam, Macroeconomics, Emeritus
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Zusammenfassung Eine alternative Methode zur Quantifizierung von internationalen Handelshemmnissen. —In diesem Aufsatz wird versucht, eine Methode zur Quantifizierung internationaler Handelshemmnisse zu finden, deren Ergebnisse im Rahmen... more
Zusammenfassung Eine alternative Methode zur Quantifizierung von internationalen Handelshemmnissen. —In diesem Aufsatz wird versucht, eine Methode zur Quantifizierung internationaler Handelshemmnisse zu finden, deren Ergebnisse im Rahmen der internationalen Verhandlungen zum Abbau von Handelsschranken nützlich sind. ZunÄchst werden einige frühere Versuche, mit ZollÄquivalenten zu arbeiten, diskutiert. Danach wird das Problem behandelt, welches Kriterium zur Quantifizierung von Handelsschranken geeignet ist. Das Kriterium, das
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The general non-linear control model presented by Kendrick (1981) is extended to cases where there are both unconstrained and constrained controls. The resulting algorithm is based on the unconstrained control algorithm, so it can be... more
The general non-linear control model presented by Kendrick (1981) is extended to cases where there are both unconstrained and constrained controls. The resulting algorithm is based on the unconstrained control algorithm, so it can be implemented without difficulty in the existing software. Moreover, the algorithm does not require much additional computation, which makes the algorithm rather efficient. An application to a complicated, but practical, economic problem concerning exchange-rate policy illustrates the relevance of the extension of the control model.
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ABSTRACT
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While virtually all currency crisis models recognise that the fate of a currency peg depends on how tenaciously policy makers defend it, they seldom model how this is done. We incorporate themechanics of speculation and the interest rate... more
While virtually all currency crisis models recognise that the fate of a currency peg depends on how tenaciously policy makers defend it, they seldom model how this is done. We incorporate themechanics of speculation and the interest rate defence against it in the model of Morris and Shin (American Economic Review 88, 1998). Our model captures that the interest rate