Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later
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The current account dynamics is examined for a small open economy which is subject to exogenous changes in its static terms of trade and in world interest rates. The model used is one with overlapping finite-lived generations, which we argue gives rise to a more reasonable saving behaviour than
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美国国家经济研究局创建时间：
1983-05-01
