Foreign exchange premia and non-neutrality to monetary policy in general equilibrium models
We present a simple monetized extension of a traditional small-country, real-side, general equilibrium trade model in which premia on foreign exchange occur, with the value of the quota and the quota premium endogenously determined. Monetary policy is non-neutral in the model, and has real effects,...
| Published in: | Journal of International Economics 30, 1/2 (1991). |
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| Format: | Article |
| Language: | English |
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