Household Heterogeneity and the Transmission of Foreign Shocks
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We study the role of heterogeneity in the transmission of foreign shocks. We build a Heterogeneous-Agent New-Keynesian Small Open Model Economy (HANKSOME) that experiences a current account reversal. Households' portfolio composition and the extent of foreign currency borrowing are key determinants
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美国国家经济研究局创建时间：
2019-10-01
