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Reviving the Salter-Swan Small Open Economy Model

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NBER2020-06-01 更新2025-01-04 收录
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This paper provides microfoundations to the Salter-Swan policy framework, a graphical apparatus designed to ascertain the exchange-rate and fiscal stance of a policymaker with internal and external economic targets. The environment is an infinite-horizon small open economy producing tradable and

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2020-06-01
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