Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel
收藏NBER2021-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28872
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资源简介：
Introducing heterogeneous households into a New Keynesian small open economy model amplifies the real income channel of exchange rates: the rise in import prices from a depreciation lowers households real income, and leads them to cut back on spending. When the sum of import and export elasticities
提供机构：
美国国家经济研究局
创建时间：
2021-05-01
