Chen, Pu; Schneider, Elena; Frohn, Joachim - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-16, pp. 1-12
To provide an modelling strategy with transparent and theoretically coherent foundation has been one of the targets of the paper by Garratt, Lee, Pesaran and Shin. They develop a core model for a small open economy based production technology, arbitrage conditions, flow identities and long-run...