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Trends and Cycles in Small Open Economies: Making The Case For A General Equilibrium Approach

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NBER2016-08-01 更新2025-01-04 收录
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Economic research into the causes of business cycles in small open economies is almost always undertaken using a partial equilibrium model. This approach is characterized by two key assumptions. The first is that the world interest rate is unaffected by economic developments in the small open

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2016-08-01
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