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The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences
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US Trade Policies in a Changing World Economy (Revised) 10/05/2015 The obvious disadvantage of calibrationAuthor Contributor(s): Stern, Robert M Publisher: MIT Press Date: 02 15 1989 Binding: Paperback Condition: NEW This collection of original essays focuses on issues of international trade and trade policy in a world that is undergoing structural adaptation and in the face of a serious increase in the US trade deficit. They bring a new consolidation of analytical perspective to a wide variety of current trade policy issues. In their overview chapter,
