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Terms of Trade and the Transmission of Output Shocks in a Rational Expectations Model

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NBER1988-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2681
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This paper analyses the effects of productivity shocks on the current and future terms of trade and on output in a two country framework. An overlapping-generations model is used in which individuals allocate their savings between domestic and foreign capital assets according to their preferences
创建时间:
1988-08-01
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