7. Intertemporal welfare effects in the Ricardian model. In the setting of section 4.5.4.2. show that a

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7. Intertemporal welfare effects in the Ricardian model. In the setting of section 4.5.4.2. show that a transitory increase in Foreign productivity makes Home better off in terms of its lifetime utility.

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Foundations Of International Macroeconomics

ISBN: 9780262150477

1st Edition

Authors: Maurice Obstfeld, Kenneth S. Rogoff

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