Why Global and Local Solutions of Open-Economy Models with Incomplete Markets Differ and Why it Matters
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More about this item
Keywords
Solution methods; Sudden stops; Precautionary savings; Occasionally binding constraints;All these keywords.
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2024-12-30 (Dynamic General Equilibrium)
- NEP-INV-2024-12-30 (Investment)
- NEP-OPM-2024-12-30 (Open Economy Macroeconomics)
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