On December 18, exactly 47 years after the landmark plenum that launched China’s reform era, Beijing drew a definitive line ...
We develop and estimate a parsimonious New-Keynesian small open-economy model that incorporates Diagnostic Expectations (DE)—a behavioral alternative to Rational Expectations (RE). Under DE, agents ...
Abstract: This paper develops a small open economy model in which entrepreneurs partially finance investment using foreign currency–denominated debt subject to an external finance premium. We use ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback