New Directions for Stochastic Open Economy Models
收藏数据链接：
官方服务：
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
提供机构：
美国国家经济研究局创建时间：
1999-08-01
