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Trade, Unemployment, and Monetary Policy

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NBER2020-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27474
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We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of
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2020-07-01
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