Showing 1 - 10 of 46
Persistent link: https://www.econbiz.de/10009573662
Persistent link: https://www.econbiz.de/10001594254
Persistent link: https://www.econbiz.de/10001596641
Persistent link: https://www.econbiz.de/10001633339
This paper investigates the spending and current-account effects of permanent terms-of-trade shifts in a model where households maximize utility over an infinite planning period. In the framework we adopt, an economy specialized in production must experience a fall in aggregate spending and a...
Persistent link: https://www.econbiz.de/10012478432
This paper examines the effects of ex-change-rate policies when individuals maximize lifetime utility on the basis of rational expectations about the future. The economy studied is one in which the authorities allow free mobility of capital under a crawling-peg exchange-rate regime. Many...
Persistent link: https://www.econbiz.de/10012478575
This lecture presents a broad overview of postwar analytical thinking on international macroeconomics, culminating in a more detailed discussion of very recent progress. Along the way, it reviews important empirical evidence that has inspired alternative modeling approaches, as well as...
Persistent link: https://www.econbiz.de/10012470351
Persistent link: https://www.econbiz.de/10000741242
Persistent link: https://www.econbiz.de/10000770630
Persistent link: https://www.econbiz.de/10000592400