Net Foreign Asset Positions and Consumption Dynamics in the International Economy.
We examine the effect of non-zero, long-run foreign asset positions on consumption dynamics in response to productivity shocks in a two-country, dynamic, general equilibrium model, with different discount factors across countries populated by overlapping generations of households. We then compare th...
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2005/082 |
| Dostęp online: | Full text available on IMF |