| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27447 |
| 来源ID | Working Paper 27447 |
| Reviving the Salter-Swan Small Open Economy Model | |
| Stephanie Schmitt-Grohé; Martín Uribe | |
| 发表日期 | 2020-06-29 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper provides microfoundations to the Salter-Swan policy framework, a graphical apparatus designed to ascertain the exchange-rate and fiscal stance of a policymaker with internal and external economic targets. The environment is an infinite-horizon small open economy producing tradable and nontradable goods that takes world prices and world interest rates as given and is populated by optimizing households and firms. The economy is subject to terms-of-trade and interest-rate shocks. The internal target of the government is the unemployment rate and the external target is the current account. Downward nominal wage rigidity and financial frictions serve as the rationale for meaningful policy intervention. |
| 主题 | Other ; History of Economic Thought ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w27447 |
| 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/585120 |
| 推荐引用方式 GB/T 7714 | Stephanie Schmitt-Grohé,Martín Uribe. Reviving the Salter-Swan Small Open Economy Model. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27447.pdf（231KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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