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To peg or not to peg? : a simple model of exchange rate regime choice in small economies
(Discussion paper2001:8, Working paper, 2000-10)
The choice of an exchange rate peg often points to a trade-off between gaining credibility and losing flexibility. We show that the flexibility loss may be reduced if domestic and foreign shocks are correlated and more ...
Commodity taxation and international trade in imperfect markets
(Report2000:78, Research report, 2000-12)
This paper studies non-cooperative commodity taxation in a trade model with imperfect competition and trade costs. Nationally optimal tax policy simultaneously tries to correct the domestic distortion from imperfect ...