Short-run trade surplus creation

被引:4
|
作者
Yano, M [1 ]
机构
[1] Keio Univ, Dept Econ, Minato Ku, Tokyo 1088345, Japan
关键词
dynamic equilibrium; trade balance dynamics; intertemporal budget; short-run trade surplus;
D O I
10.1080/1023619042000193621
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
This study constructs a generalized version of quasi-stationary dynamic equilibrium models and derives a set of conditions under which a uniform suppression of present and future consumptions results in what Yano calls a short-run trade surplus creation effect. This result reveals a common mechanism which concurs with a number of existing, independently obtained results that show similar effects in different model settings.
引用
收藏
页码:453 / 461
页数:9
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