The Flight to Safety and International Risk Sharing
收藏NBER2021-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29238
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资源简介：
We study a business cycle model of the international monetary system featuring a time-varying demand for safe dollar bonds, greater risk-bearing capacity in the U.S. than the rest of the world, and nominal rigidities. A flight to safety generates a dollar appreciation and decline in global output.
提供机构：
美国国家经济研究局
创建时间：
2021-09-01
