Two-Country Model and Foreign Exchange Dynamics
نویسندگان
چکیده
منابع مشابه
Two-country Model and Foreign Exchange Dynamics
We establish the nature of the dynamics of the exchange rate in a two country model with heterogenous firms a la Abadir and Talmain (2002). We are picking an “off-the-shelf” two country (‘home’ or ‘foreign’) monopolistic competition model from Cook and Devereux (2016), denoted as CD later, and adapt it to our setting. We generalize their model by allowing heterogenous productivities among firms...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3140312