If we imagine a well-run Import-Export Bank, it should have a higher elasticity than an export subsidy (e.g. the LNG terminal example). Of course if we imagine a poorly run Import-Export Bank...
One can think of export subsidy as the GiveDirectly of effective trade deficit policy: pretty good and the standard against which others should be measured.
If we imagine a well-run Import-Export Bank, it should have a higher elasticity than an export subsidy (e.g. the LNG terminal example). Of course if we imagine a poorly run Import-Export Bank...
One can think of export subsidy as the GiveDirectly of effective trade deficit policy: pretty good and the standard against which others should be measured.