Trends & Cycles in Small Open Economies:Making the Case for a General Equilibrium Approach

Kan Chen and Mario Crucini ()

No 16/12, Working Papers from BBVA Bank, Economic Research Department

Abstract: This approach is characterized by two key assumptions. The first is that the world interest rate is unaffected by economic developments in the small open economy, an exogeneity assumption. The second assumption is that this exogenous interest rate combined with domestic productivity is sufficient to describe equilibrium choices

Keywords: Economic Analysis; Global; USA; Working Paper (search for similar items in EconPapers)
JEL-codes: C55 C68 F41 F44 (search for similar items in EconPapers)
Date: 2016-08
New Economics Papers: this item is included in nep-dge, nep-mac and nep-opm
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Citations: View citations in EconPapers (8)

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