Can I read Obstfeld-Rogoff Model Overview on EtoBox?
Obstfeld-Rogoff Model Overview by soulfood is a document available to read on EtoBox.
What is Obstfeld-Rogoff Model Overview about?
This document summarizes the Obstfeld-Rogoff model of an open economy macroeconomic model. The model introduces two interacting countries, money in the utility function, and different prices for consumer and producer goods. It assumes consumers have CES preferences across varieties of goods. The model is log-linearized around a steady state and incorporates nominal rigidity in a simple way. Comparative statics are performed under both flexible and sticky prices to analyze the effects of changes in wealth di
- Author
- soulfood
- Language
- EN