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After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian …
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This paper examines demand spillovers in a two country open economy model to a demand shock newline (emanating from a …
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After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian …
Persistent link: https://www.econbiz.de/10014042089
We study the aggregate effects of sectoral productivity shocks in a multisectoral New Keynesian open-economy model that allows for asymmetric input-output linkages, both within and between countries, as well as for heterogeneity in sectoral Calvo-type price stickiness. Asymmetries in the...
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