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Indeterminacy and Business Fluctuations under Partial Capital Mobility
The paper examines a modified real business cycle model of a small open economy such as the Korean economy. The model economy is assumed to produce output with two types of capital: traded capital and non¡ⓒtraded capital. Domestic individuals can borrow from the world capital market only by using tr...
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| Autor principal: | |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Korea Institute for International Economic Policy
2008-12-01
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| Colecção: | East Asian Economic Review |
| Assuntos: | |
| Acesso em linha: | http://dx.doi.org/10.11644/KIEP.JEAI.2008.12.2.189 |
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