Results 151 to 160 of about 158,016 (206)
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Inflation rules with consistent escape clauses
European Economic Review, 1999Abstract Simple inflation targets may be supplemented with an escape clause to be invoked in case the economy is hit by a major supply shock. In this paper, consistent solutions to the Flood and Isard (1989, IMF Staff Papers, 36, 612–632) escape clause model are derived in the spirit of Lohmann (1990, American Economic Review, 82, 273–286). She shows
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Destabilizing Effects of Exchange-Rate Escape Clauses
1996This paper studies policy rules with escape clauses, analyzing as an example fixed exchange rate systems that allow member countries the freedom to realign in periods of stress. While well-designed escape-clause rules can raise society's welfare in principle, limited credibility makes it difficult to implement such rules in practice.
Obstfeld, Maurice, Obstfeld, Maurice
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The Analysis of Causality in Escape Clause Cases
The Journal of Industrial Economics, 1988Under Section 201 of the Trade Act of 1974, the so-called escape clause, a domestic industry that is seriously injured can obtain temporary relief if imports are the substantial cause of such injury. This paper develops a methodology to determine the change in a domestic industry's production as a result of changes in import supply, demand, and ...
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Seeking Escape: The Use of Escape Clauses in International Trade Agreements
International Studies Quarterly, 2009In agreements that include flexibility enhancing mechanisms such as escape clauses, how do institutions realize the benefits of flexibility while preventing its abuse? The conventional wisdom is that escape clauses must be made costly, but I show this claim to be at odds with empirical observation.
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1974
Escape clauses are a standard feature of commercial treaties. They allow contracting parties, under conditions specified in advance, to derogate from some or all of the obligations contained in these treaties. Escape clauses are usually essential in order to persuade countries to accede to the treaty in the first place. They can be regarded as negative
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Escape clauses are a standard feature of commercial treaties. They allow contracting parties, under conditions specified in advance, to derogate from some or all of the obligations contained in these treaties. Escape clauses are usually essential in order to persuade countries to accede to the treaty in the first place. They can be regarded as negative
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Which way to jump on escape clauses
Industrial Management, 1973Exclusion clauses will come in for a great deal of scrutiny under the Supply of Goods (Implied Terms) Act. Here, Ewan Mitchell advises when to leave them out and when to retain them.
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Escape Clauses and the Multi-Fibre Agreement
1980Those responsible for the liberalisation of international trade, which has made impressive progress since World War II, were well aware of the necessity of establishing an equilibrium between two contradictory constraints. On the one hand, in order to take full advantage of the liberalisation measures, the competitive producer had to have a reasonable ...
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Rent seekers in the U.S. international trade commission escape clause investigations
The International Trade Journal, 1989This article addresses the question of the political and economic characteristics of firms that are active in filing escape clause petitions. Filing an escape clause petition is considered to be a part of a political rent seeking strategy of a firm. The sample consists of publicly traded firms in industries in which escape clause petitions were filed ...
Stefanie Ann Lenway, Kathleen Rehbein
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International Environmental Agreements: Emissions trade, safety valves and escape clauses
2009We explain how the structure of multi-national or multi-regional environmental agreements affect their chance of success. Trade in emissions permits has ambiguous and in some cases surprising effects on both the equilibrium level of abatement, and on the ability to persuade nations or regions to participate in environmental agreements. An escape clause
Karp, Larry S. +3 more
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The "Expanded" Trade-Agreements Escape Clause, 1955-61
Journal of Political Economy, 1962IN THE Trade Agreements Act of 1934 the United States Congress legislated a policy of negotiated tariff reductions. Implicit in this policy, however, was the understanding that tariff concessions should not result in serious injury to domestic industries.
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