General Equilibrium Model as an Instrument of Economic Policy: An Analysis of Exchange Rates and Tariffs

Posted: 3 Jul 1997

See all articles by Sheila Najberg

Sheila Najberg

Banco Nacional de Desenvolvimento Econômico e Social (BNDES)

Francisco José Zagari Rigolon

Banco Nacional de Desenvolvimento Econimico e Soci

Solange Paiva Vieira

Banco Nacional de Desenvolvimento Econômico e Social (BNDES)

Date Written: Undated

Abstract

This paper describes a multisector general equilibrium model built to quantify the impact of alternative scenarios of medium and long run on the performance of the Brazilian economy. To demonstrate how the model can be used as a planning instrument, we imagine that the Brazilian government wants to increase its balance of trade surplus. It is assumed that the government can either increase the import tariffs or can devaluate its currency. The impact of both changes in policy is analyzed in details using recent Brazilian data.

JEL Classification: N76, O23

Suggested Citation

Najberg, Sheila and Zagari Rigolon, Francisco José and Paiva Vieira, Solange, General Equilibrium Model as an Instrument of Economic Policy: An Analysis of Exchange Rates and Tariffs (Undated). Available at SSRN: https://ssrn.com/abstract=9547

Sheila Najberg (Contact Author)

Banco Nacional de Desenvolvimento Econômico e Social (BNDES) ( email )

Av. Republica do Chile
100 - 12nd. Floor
Rio de Janeiro, 20001-970
Brazil
(021) 277-7371 (Phone)
(021) 220-1397 (Fax)

Francisco José Zagari Rigolon

Banco Nacional de Desenvolvimento Econimico e Soci ( email )

Area de Planejamento
Rio de Janeiro, Sala 1428
Brazil
(021) 277-6778/7844 (Phone)
(021) 220-1397 (Fax)

Solange Paiva Vieira

Banco Nacional de Desenvolvimento Econômico e Social (BNDES)

Av. Republica do Chile
100 - 12nd. Floor
Rio de Janeiro, 20001-970
Brazil

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,218
PlumX Metrics