8. The current account and the terms of trade (following Obstfeld 1996a). In a small open economy...

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8. The current account and the terms of trade (following Obstfeld 1996a). In a small open economy the representative individual maximizes I 8 s= B-1 (XM-Y)1-1/ 1-1/0?

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Foundations Of International Macroeconomics

ISBN: 9780262150477

1st Edition

Authors: Maurice Obstfeld, Kenneth S. Rogoff

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