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150128 ||| eng |
| 020 |
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|a 9781451946055
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| 100 |
1 |
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|a Mendoza, Enrique
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| 245 |
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0 |
|a The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade
|c Enrique Mendoza
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1990
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| 300 |
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|a 54 pages
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| 651 |
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4 |
|a Canada
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Investments, Foreign
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| 653 |
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|a Balance of trade
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| 653 |
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|a International Trade Organizations
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| 653 |
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|a Saving
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| 653 |
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|a Trade Policy
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| 653 |
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|a Trade liberalization
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| 653 |
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|a Balance of payments
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| 653 |
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|a Trade balance
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a External position
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| 653 |
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|a Exports and Imports
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| 653 |
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|a International economics
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| 653 |
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|a National accounts
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| 653 |
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|a Foreign assets
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| 653 |
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|a Commercial policy
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| 653 |
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|a International trade
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| 653 |
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|a Capital controls
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| 653 |
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|a Consumption
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Capital movements
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| 653 |
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|a Empirical Studies of Trade
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| 653 |
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|a International Investment
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451946055.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/1990/109/001.1990.issue-109-en.xml?cid=3073-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a A dynamic stochastic equilibrium model of a small open economy is used to quantify the macroeconomic effects of introducing capital controls to stabilize the balance of trade. This model focuses on the role of international trade and foreign debt as instruments that help smooth consumption in response to productivity or terms-of-trade disturbances. The model rationalizes some key empirical regularities that characterize business fluctuations and the dynamics of savings and investment in post-war Canada. The results show that capital controls have small effects on both the basic characteristics of macroeconomic fluctuations and the level of welfare. A fiscal strategy that successfully enforces capital controls by introducing taxes on foreign interest income is also studied in some detail
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