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Optimal Price and Inventory Adjustment in an Open-Economy Model of the Business Cycle

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NBER1983-03-01 更新2025-01-04 收录
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This paper develops an open-economy macroeconomic model which can be used to interpret the observed fluctuations in output, inventories,prices,and exchange rates in the medium-sized economies of the world. The model is consistent with the major empirical regularities that have been discovered in

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1983-03-01
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