Real business cycles in an open economy: An application to Germany

被引：3

作者：

Harjes, T ^{[1
]}

机构：

[1] Univ Cologne, Staatswissensch Seminar, D-50923 Cologne, Germany

来源：

WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS | 1997年 / 133卷 / 04期

关键词：

D O I：

10.1007/BF02707406

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper discusses a stochastic, dynamic-optimizing model of an open economy. It is closely related to small open economy models, but differs by introducing an upward-sloping supply curve of foreign bonds. The model is calibrated to match the long-run features of Germany. The simulations show that the model is consistent with the observed regularities of German business fluctuations.

引用

页码：635 / 656

页数：22

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