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The Transmission of Domestic Shocks in the Open Economy

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NBER2007-11-01 更新2025-01-04 收录
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This paper uses an open economy DSGE model to explore how trade openness affects the transmission of domestic shocks. For some calibrations, closed and open economies appear dramatically different, reminiscent of the implications of Mundell-Fleming style models. However, we argue such stark

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2007-11-01
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