Shadow Pricing, Information, and Stability in a Simple Open Economy
نویسندگان
چکیده
منابع مشابه
International Pricing in New Open-Economy Models
R ecent developments in open-economy macroeconomics have progressed under the paradigm of nominal price rigidities, where monetary disturbances are the main source of fluctuations. Following developments in closed-economy models, new open-economy models have combined price rigidities and market imperfections in a fully microfounded intertemporal general equilibrium setup. This framework has bee...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1978
ISSN: 0033-5533
DOI: 10.2307/1886000