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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. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w8313.pdf(202KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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