Delli Gatti, Domenico; Gallegati, Mauro; Greenwald, … - 2007
In this paper we propose an Open Economy Financial Accelerator model along the lines of Greenwald-Stiglitz (1993) close … devaluation. One cannot rule out, however, an economy-wide contractionary effect of a devaluation. If the devaluation affects …"In this paper we propose an Open Economy Financial Accelerator model along the lines of Greenwald-Stiglitz (1993 …
