| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP45 |
| DP45 Macroeconomic Aspects of the Effectiveness of Foreign Aid: On the Two-Gap Model, Home Goods Disequilibrium and Real Exchange Rate Misalignment | |
| Sweder van Wijnbergen | |
| 发表日期 | 1985-02-01 |
| 出版年 | 1985 |
| 语种 | 英语 |
| 摘要 | We construct an open economy disequilibrium model to assess the welfare effects of aid in different macroeconomic regimes. Aid is shown to have different effects in different unemployment regimes because it increases the social costs of wage-price rigidities in the classical regime but decreases them in the Keynesian unemployment regime. A link is made with the two-gap model, but we highlight the role of real exchange rate misalignment (failure to clear the NT goods market). |
| 主题 | International Trade and Regional Economics |
| 关键词 | Aid Disequilibrium Open economy Two-gap model |
| URL | https://cepr.org/publications/dp45 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529201 |
| 推荐引用方式 GB/T 7714 | Sweder van Wijnbergen. DP45 Macroeconomic Aspects of the Effectiveness of Foreign Aid: On the Two-Gap Model, Home Goods Disequilibrium and Real Exchange Rate Misalignment. 1985. |
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