Welfare Cost of Model Uncertainty in a Small Open Economy

This paper extends the canonical small open-economy real-business-cycle model, when considering model uncertainty. Domestic households have multiplier preferences, which leads them to take robust decisions in response to possible model misspecification for the economy’s aggregate productivity. Using...

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Detalles Bibliográficos
Autor principal: Tapia Stefanoni, Jocelyn
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7712009/
https://www.ncbi.nlm.nih.gov/pubmed/33286989
http://dx.doi.org/10.3390/e22111221

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7712009/
https://www.ncbi.nlm.nih.gov/pubmed/33286989
http://dx.doi.org/10.3390/e22111221

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