G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1216
DP1216 Multi-object Auctions: On the Use of Combinational Bids
Fernando Branco
发表日期1995-08-31
出版年1995
语种英语
摘要A dynamic stochastic model of a small open monetary economy with infinitely-lived optimizing households is constructed. There are temporary nominal rigidities in the labour market, while in goods and asset markets prices are flexible. Optimizing behaviour in the foreign country is also modelled. The home country is small relative to the foreign country, so the latter is effectively a closed economy. We show that whereas in the closed economy an anticipated increase in monetary variability has no effect on current macroeconomic variables, in the small open economy it weakens the current exchange rate and expands current output.
主题International Macroeconomics
关键词exchange rate Monetary uncertainty Nominal rigidity risk premium
URLhttps://cepr.org/publications/dp1216
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/530361
推荐引用方式
GB/T 7714
Fernando Branco. DP1216 Multi-object Auctions: On the Use of Combinational Bids. 1995.
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