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Real Interest Rates, Home Goods, and Optimal External Borrowing

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NBER1981-10-01 更新2025-01-04 收录
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The paper investigates the optimal tire path of consumption and external borrowing in the dependent economy model. The small country faces given world prices and a given world real interest rates. The presence of a home goods sector implies that the relevant real interest rate appropriate to

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1981-10-01
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