Why Global and Local Solutions of Open-Economy Models with Incomplete Markets Differ and Why it Matters
Global and local methods used to study open-economy incomplete-markets models yield
different cyclical moments, impulse responses, spectral densities and precautionary savings …
different cyclical moments, impulse responses, spectral densities and precautionary savings …
Approximately Right?: Global v. Local Methods for Open-Economy Models with Incomplete Markets
Global and local methods are widely used in international macroeconomics to analyze
incomplete-markets models. We study solutions for an endowment economy, an RBC model …
incomplete-markets models. We study solutions for an endowment economy, an RBC model …
[图书][B] Global v. Local Methods in the Analysis of Open-Economy Models with Incomplete Markets
Global and local methods are widely used in international macroeconomics to analyze
incompletemarkets models. We study solutions for an endowment economy, an RBC model …
incompletemarkets models. We study solutions for an endowment economy, an RBC model …