How Long to Read Tariff-Tax Reforms in Large Economies

How Long Does it Take to Read Tariff-Tax Reforms in Large Economies?

It takes the average reader and 32 minutes to read Tariff-Tax Reforms in Large Economies by Juha Tervala

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the increase in developing countries welfare due to higher output is dominated by the welfare losses stemming from the deterioration of the terms of trade. On the other hand, the reform increases output and welfare in the advanced countries and in the world as a whole. The effects that we highlight have not been studied in previous contributions to the literature, which typically looks at tariff-tax reforms using a small open economy framework. Nominal rigidities have important implications for adjustment dynamics in our model. In the case of a "point-for-point" reform, for example, price stickiness implies that the international dynamics of output is reversed compared to a revenue neutral reform.

How long is Tariff-Tax Reforms in Large Economies?

Tariff-Tax Reforms in Large Economies by Juha Tervala is 32 pages long, and a total of 8,064 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Tariff-Tax Reforms in Large Economies Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Tariff-Tax Reforms in Large Economies aloud.

What Reading Level is Tariff-Tax Reforms in Large Economies?

Tariff-Tax Reforms in Large Economies is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Tariff-Tax Reforms in Large Economies?

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