Small Open Economy RBC
Hamilton Galindo Gil,
Alexis Montecinos Bravo and
Marco Ortiz
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Hamilton Galindo Gil: Cleveland State University
Alexis Montecinos Bravo: Sawyer Business School - Suffolk University
Chapter Chapter 7 in Dynamic Stochastic General Equilibrium Models, 2024, pp 323-366 from Springer
Abstract:
Abstract This chapter introduces the small open economy RBC model, which extends the baseline RBC model to include international trade and cross-border financial flows. With the rapid growth of globalization and economic integration, it is crucial to understand the impact of external shocks and international crises on the cyclical dynamics of the economy.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-58105-2_7
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DOI: 10.1007/978-3-031-58105-2_7
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