全球智库信息集成服务系统(G2TT): The \"New Keynesian\" Phillips Curve: Closed Economy vs. Open Economy

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8313
来源ID	Working Paper 8313
	The \"New Keynesian\" Phillips Curve: Closed Economy vs. Open Economy
	Assaf Razin; Chi-Wa Yuen
发表日期	2001-06-01
出版年	2001
语种	英语
摘要	The paper extends Woodford's (2000) analysis of the closed economy Phillips curve to an open economy with both commodity trade and capital mobility. We show that consumption smoothing, which comes with the opening of the capital market, raises the degree of strategic complementarity among monopolistically competitive suppliers, thus rendering prices more sticky and magnifying output responses to nominal GDP shocks.
主题	Macroeconomics ; Macroeconomic Models ; International Economics ; International Finance
URL	https://www.nber.org/papers/w8313
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565911
推荐引用方式 GB/T 7714	Assaf Razin,Chi-Wa Yuen. The \"New Keynesian\" Phillips Curve: Closed Economy vs. Open Economy. 2001.