LEADER 03206nam 2200613 a 450 001 9910453011403321 005 20200520144314.0 010 $a1-4755-1100-0 010 $a1-4755-5560-1 035 $a(CKB)2550000000107097 035 $a(EBL)1606758 035 $a(SSID)ssj0000943854 035 $a(PQKBManifestationID)11573578 035 $a(PQKBTitleCode)TC0000943854 035 $a(PQKBWorkID)10982716 035 $a(PQKB)10605906 035 $a(MiAaPQ)EBC1606758 035 $a(Au-PeEL)EBL1606758 035 $a(CaPaEBR)ebr10574690 035 $a(OCoLC)794856558 035 $a(EXLCZ)992550000000107097 100 $a20120711d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTariff-tax reforms in large economies$b[electronic resource] /$fprepared by Giovanni Ganelli and Juha Tervala 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2012 215 $a1 online resource (33 p.) 225 1 $aIMF working paper ;$vWP/12/139 300 $a"Institute for Capacity Development." 300 $a"May 2012." 311 $a1-4755-6938-6 311 $a1-4755-0394-6 320 $aIncludes bibliographical references. 327 $aCover; Abstract; Contents; I. Introduction; Tables; 1. Tariff Reductions under the Uruguay Round; II. The Model; A. Households; B. The Government; C. Firms; D. The Consolidated Budget Constraint; E. The Initial Steady State; III. Parameterization; IV. Revenue neutral tariff-tax reform; 2. Model Parameterization; Figures; 1. Effects of a Domestic Revenue Neutral Tariff-Tax Reform; 3. Impact of a domestic tariff-tax reform on the DPV of domestic, foreign and world; V. Point-For-Point Tariff-Tax Reform; 4. Sensitivity analysis: The sign of the welfare effect of a domestic tariff-tax reform 327 $aVI. Conclusions5. Impact of a domestic tariff-tax reform on the DPV of domestic, foreign and world; 2. Effects of a Domestic Point-For-Point Tariff-Tax Reform; References; References 330 $aThis paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the increase in developing countries welfare due to higher output is dominated by the welfare losses stemming from the deterioration of the terms of trade. On the other hand, the reform increases output and welfare in the advanced countries and in the world as a whole. The effects that we highlight have not been 410 0$aIMF working paper ;$vWP/12/139. 606 $aTariff$xEconometric models 606 $aTaxation$xEconometric models 608 $aElectronic books. 615 0$aTariff$xEconometric models. 615 0$aTaxation$xEconometric models. 701 $aGanelli$b Giovanni$0883542 701 $aTervala$b Juha$0883543 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910453011403321 996 $aTariff-tax reforms in large economies$92260671 997 $aUNINA