We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...
The Review of Financial Studies, Vol. 34, No. 11, Special Issue: COVID-19 and Its Impact on Financial Markets and the Real Economy (November 2021), pp. 5522-5580 (59 pages) We theoretically ...
This paper analyzes how a model where goods are endogenously nontraded can help explain the relationship between the current account and real exchange rate fluctuations. We formulate a small open ...
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