body {overflow: hidden;} .js-needed-message {position: fixed; z-index: 999; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.5); } .js-needed-message p {color: #444; width: 50%; padding: 30px; position: relative; top: 40%; left: 25%; pointer-events: auto; background-color: #fff; background-clip: padding-box; border: 1px solid rgba(0, 0, 0, 0.2); border-radius: 0.3rem; outline: 0; }

Habilita JavaScript en tu navegador para poder visualizar esta web correctamente.

Cerrar panel

EN
ES

Compartir RRSS Cerrar RRSS

Publicada el miércoles, 3 de agosto de 2016 | Actualizada el jueves, 4 de agosto de 2016

Documento número 16/12

Trends & Cycles in Small Open Economies:Making the Case for a General Equilibrium Approach

This approach is characterized by two key assumptions. The first is that the world interest rate is unaffected by economic developments in the small open economy, an exogeneity assumption. The second assumption is that this exogenous interest rate combined with domestic productivity is sufficient to describe equilibrium choices