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The paper develops a simple choice-theoretic model suitable for carrying out welfare" analyses of the international transmission of monetary and fiscal policies. The model can be" solved in closed form and illustrated in terms of the simplest graphical apparatus provide the analysis of...
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standard New Keynesian model of a small open economy. Because of the stronger emphasis on intertemporal optimization, the New …
Persistent link: https://www.econbiz.de/10013129281
The paper develops a simple choice-theoretic model suitable for carrying out welfare" analyses of the international transmission of monetary and fiscal policies. The model can be" solved in closed form and illustrated in terms of the simplest graphical apparatus provide the analysis of...
Persistent link: https://www.econbiz.de/10013236808