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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 ...
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 ...