Capital Account Liberalization, Financial Frictions, and Belief-Driven Fluctuations
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More about this item
Keywords
Two-sector growth model; small open economy; fiancial constraints; heterogeneous agents; dynamic inefficiency; indeterminacy.;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2023-01-30 (Dynamic General Equilibrium)
- NEP-FDG-2023-01-30 (Financial Development and Growth)
- NEP-INT-2023-01-30 (International Trade)
- NEP-OPM-2023-01-30 (Open Economy Macroeconomics)
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