External Shocks, the Real Exchange Rate, and Tax Policy [electronic resource] / Stephen Tokarick.
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TextSeries: IMF Working Papers; Working Paper ; No. 94/88Publication details: Washington, D.C. : International Monetary Fund, 1994Description: 1 online resource (36 p.)ISBN: 145185109X :ISSN: 1018-5941Subject(s): Exchange Rate | Real Exchange Rate | Trade Reform | Value-Added Tax | Trinidad and TobagoAdditional physical formats: Print Version:: External Shocks, the Real Exchange Rate, and Tax PolicyOnline resources: IMF e-Library | IMF Book Store Abstract: This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of alternative tax policies designed to offset the increase in the budget deficit of the central government that results from both types of external sector shocks.
This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of alternative tax policies designed to offset the increase in the budget deficit of the central government that results from both types of external sector shocks.
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