INTERACTING BUSINESS CYCLE FLUCTUATIONS: A TWO-COUNTRY MODEL
نویسندگان
چکیده
منابع مشابه
Endogenous inequality and fluctuations in a two-country model
We study a two-country version of Matsuyama’s (Econometrica, 72, p. 853–84, 2004) world economy model. As in Matsuyama’s model, symmetry-breaking can be observed, and symmetry-breaking generates endogenously determined levels of inequality. In addition, we show that when the countries differ in population size, their interaction through credit markets may lead to persistent endogenous fluctuati...
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ژورنال
عنوان ژورنال: The Singapore Economic Review
سال: 2006
ISSN: 0217-5908,1793-6837
DOI: 10.1142/s0217590806002433