Beware the Side Effects: Capital Controls, Trade, Misallocation and Welfare

We show that capital controls have large adverse effects on misallocation, exports and welfare using a dynamic Melitz-OLG model with heterogeneous firms, monopolistic competition, endogenous trade participation and collateral constraints. Static effects increase misallocation by reducing capital-lab...

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Veröffentlicht in:	NBER Working Paper Series 2023-02
Hauptverfasser:	Bauducco, Sofía, Mendoza, Enrique G, Andreasen, Eugenia, Dardati, Evangelina
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic theory International Finance and Macroeconomics
Online-Zugang:	Volltext
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