Consumption Heterogeneity and Monetary Policy in an Open Economy
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We explore how consumption heterogeneity affects the international transmission mechanism of monetary shocks and the choice of optimal monetary policy in an open economy. Incorporating two types of agents (Ricardian versus Keynesian) into a standard open economy macro model, we find that there are
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美国国家经济研究局创建时间：
2022-03-01
