Imperfect Capital Mobility in an Open Economy Model of Capital Accumulation /
This paper introduces a tractable capital market friction mechanism that allows a break of the parity between domestic and external interest rates and generates a gradual evolution of capital stock and other macroeconomic variables-in contrast to the instantaneous convergence found in models with in...
| Hovedforfatter: | Klyuev, Vladimir |
|---|---|
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 2004/031 |
| Online adgang: | Full text available on IMF |
Lignende værker
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Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints /
af: De Gregorio, Jose
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