The optimality of free trade: science or religion?
Article Abstract:
US support for free trade declined in the mid-1908s as foreign competitors successfully challenged domestic industries. A new trade theory developed that supported the need to maximize national income, was highly applicable to high-technology industries and was modeled using tools of industrial organization theory. Policy applications of traditional and new trade theory require differing leaps of faith. The new trade theory has not overcome economists' traditional reluctance to apply scientific theory in the real world.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1993
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Micro effects of macro announcements: real - time price discovery in foreign exchange
Article Abstract:
Price discovery in the context of foreign exchange is examined. In this context, exchange-rate conditional means as opposed to conditional variances, and a new data set which spans a comparatively long time period and includes broad set of exchange rates and macroeconomic indicators is analyzed.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
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Floating, fixed, or super fixed? Dollarization joins the menu of exchange-rate options
Article Abstract:
The development of dollarization as an exchange rate option is examined in detail.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2000
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