Harberger-Laursen-Metzler Effect with Modified Becker-Mulligan Preference by Dynamic Optimization
We investigate the effects of terms-of-trade shocks on the spending and current account where households with the modified Becker-Mulligan endogenous time preference maximize their utility over an infinite planning period. Our results show that, with the modified Becker-Mulligan preference, the effe...
Gorde:
| Egile Nagusiak: | , , |
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| Formatua: | Artigo |
| Hizkuntza: | Inglês |
| Argitaratua: |
Wiley
2016-01-01
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| Saila: | Discrete Dynamics in Nature and Society |
| Sarrera elektronikoa: | http://dx.doi.org/10.1155/2016/4190294 |
| Etiketak: |
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