International Pricing in New Open-Economy Models

  title={International Pricing in New Open-Economy Models},
  author={Marcos Duarte},
R ecent developments in open-economy macroeconomics have progressed under the paradigm of nominal price rigidities, where monetary disturbances are the main source of fluctuations. Following developments in closed-economy models, new open-economy models have combined price rigidities and market imperfections in a fully microfounded intertemporal general… CONTINUE READING