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Tariff and Equilibrium Indeterminacy--(II)

Yan Zhang

MPRA Paper from University Library of Munich, Germany

Abstract: We establish conditions under which indeterminacy can occur in a small open economy oil-in the production RBC model with lump sum tariff revenue transfers. The indeterminacy would require that the steady state tariff rates be in an open interval. This means that as long as the government revenues are exogenous, our indeterminacy result will be robust to the usage of the government revenue.

Keywords: Indeterminacy; Endogenous Tariff Rate; Small Open Economy; Lump Sum Transfers (search for similar items in EconPapers)
JEL-codes: F41 Q43 (search for similar items in EconPapers)
Date: 2008-06-16
New Economics Papers: this item is included in nep-dge and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:10043

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