Retail sales of durable goods, inventories and imports after large devaluations
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DOI: 10.1016/j.jedc.2019.103765
Abstract: This paper presents a general equilibrium model of a small open economy with monopolistically competitive retailers, inventories and durable goods. Following large devaluations, this model generates a collapse of imports, a fall of retail sales… read more here.
Keywords: durable goods; large devaluations; inventories imports; retail sales ... See more keywords