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percent per year with a volatility of 1.1 percent. This result is surprising given that the model features a number of …
Persistent link: https://www.econbiz.de/10013317651
This paper provides microfoundations to the Salter-Swan policy framework, a graphical apparatus designed to ascertain the exchange-rate and fiscal stance of a policymaker with internal and external economic targets. The environment is an infinite-horizon small open economy producing tradable and...
Persistent link: https://www.econbiz.de/10012481642
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This paper provides microfoundations to the Salter-Swan policy framework, a graphical apparatus designed to ascertain the exchange-rate and fiscal stance of a policymaker with internal and external economic targets. The environment is an infinite-horizon small open economy producing tradable and...
Persistent link: https://www.econbiz.de/10013309883
Persistent link: https://www.econbiz.de/10012212784
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