Money and the Open Economy Business Cycle: A Flexible Price Model
收藏NBER1986-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1967
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资源简介：
This paper develops an open-economy model of the business cycle. The nominal prices in the model are flexible and monetary nonneutrality is developed using information confusion about the sources of disturbances to demand coupled with differential persistence of demand shocks. Firms use inventories
提供机构：
美国国家经济研究局
创建时间：
1986-06-01
