One hallmark of small-open economy models with a time-separable preference assumption is the non-uniqueness of their steady states. Following King et al. (J. Monetary Econ. 21 (1988) 195-232), most studies compute a log-linear approximation solution to their small-open economies around the sample me
β¦ LIBER β¦
Interlinkage in the endogenous real business cycles of international economies
β Scribed by Kazuo Nishimura; Makoto Yano
- Publisher
- Springer
- Year
- 1993
- Tongue
- English
- Weight
- 849 KB
- Volume
- 3
- Category
- Article
- ISSN
- 0938-2259
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