New Directions for Stochastic Open Economy Models
收藏NBER1999-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7313
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资源简介：
The paper develops a simple stochastic new open economy macroeconomic model based on sticky nominal wages. Explicit solution of the wage-setting problem under uncertainty allows one to analyze the effects of the monetary regime on welfare, expected output, and the expected terms of trade. Despite
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美国国家经济研究局创建时间：
1999-08-01
