Discussion paper

DP2115 The New Open Economy Macroeconomics: a Survey

Since the 1995 publication of Obsteld and Rogoff's Redux model, there has been an outpouring of research on open-economy dynamic general equilibrium models that incorporate imperfect competition and nominal rigidities. This paper offers an interim survey of this recent literature.

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Citation

Lane, P (1999), ‘DP2115 The New Open Economy Macroeconomics: a Survey‘, CEPR Discussion Paper No. 2115. CEPR Press, Paris & London. https://cepr.org/publications/dp2115