International transmission of bubble crashes in a two-country overlapping generations model
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DOI: 10.1016/j.jmateco.2016.01.004
Abstract: Abstract We study the international transmission of bubble crashes by analyzing stationary sunspot equilibria in a two-country overlapping generations exchange economy with stochastic bubbles. We consider two cases of sunspot shocks. In the first case,… read more here.
Keywords: transmission bubble; two country; country overlapping; international transmission ... See more keywords
Optimal tariffs in a two-country R&D-based growth model
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DOI: 10.1017/s1365100521000286
Abstract: This paper examines the effect of a tariff on long-run growth and welfare in a two-country innovation-led growth model. We show that although raising the home country’s tariff reduces the growth and GDP of the… read more here.
Keywords: country; growth; optimal tariffs; two country ... See more keywords