Sudden Stops and Optimal Policy in a Two-agent Economy /
We introduce heterogeneity in terms of workers and entrepreneurs in an otherwise standard Fisherian model to study Sudden Stop dynamics and optimal policy. We show that the distinction between workers and entrepreneurs introduces a distributive externality that is absent from the representative-agen...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2022.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2022/147 |
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| 在线阅读: | Full text available on IMF |