Interacting Two-Country Business Fluctuations
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: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.878248