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Small Open Economy RBC

In: Dynamic Stochastic General Equilibrium Models

Author

Listed:
  • Hamilton Galindo Gil

    (Cleveland State University)

  • Alexis Montecinos Bravo

    (Sawyer Business School - Suffolk University
    Business School)

  • Marco Antonio Ortiz Sosa

    (University of the Pacific)

Abstract

This chapter introduces the small open economy RBC model, which extends the baseline RBC model to include international trade and cross-border financial flows. With the rapid growth of globalization and economic integration, it is crucial to understand the impact of external shocks and international crises on the cyclical dynamics of the economy.

Suggested Citation

  • Hamilton Galindo Gil & Alexis Montecinos Bravo & Marco Antonio Ortiz Sosa, 2024. "Small Open Economy RBC," Springer Texts in Business and Economics, in: Dynamic Stochastic General Equilibrium Models, chapter 0, pages 323-366, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-58105-2_7
    DOI: 10.1007/978-3-031-58105-2_7
    as

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