Harford, Jon D., and Keehwan Park. 1985. "Resource Allocation Under Production Uncer- tainty: Closed Economy vs. Open Economy." Atlantic Economic Journal 13 (2): 38-43.Harford, Jon D., and Keehwan Park. 1985. “Resource Allocation Under Production Uncertainty: Closed Economy vs. Open ...
ClosedVs.OpenEconomies •OpenandClosedEconomies –Aclosedeconomyisonethatdoesnotinteractwithothereconomiesintheworld.•Therearenoexports,noimports,andnocapitalflows.•Anopeneconomyisonethatinteractsfreelywithothereconomiesaroundtheworld.–Anopeneconomyinteractswithothercountriesintwoways.•Itbuysandsellsgoods...
开放宏观济学基本概念封闭一种不与世界其他济体31open economy.pdf,Open-Economy Macroeconomics: Basic Concepts • Open and Closed Economies • A closed economy is hat does not in ct with other economies in the world. • There are no exports, no imports
From a closed or semi-closed economy to an open economy in transition 翻译结果2复制译文编辑译文朗读译文返回顶部 from closed and semi-closed economy to an open economy in transition; 翻译结果3复制译文编辑译文朗读译文返回顶部 The transition from closed half-closed economy to an open economy ...
In this paper, we compare the empirical properties of closed- and open-economy DSGE models estimated on Euro area data. The comparison is made along several dimensions; we examine the models in terms of their marginal likelihoods, forecasting performance, variance decompositions, and their transmissi...
aBecause some of the change in aggregate demand spills over into demand for foreign goods, the expansionary effect on domestic income from, say, higher government spending is smaller for an open economy than for a closed economy with the same savings rate. By how much it is smaller depends ...
This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" an...
and promote the common prosperity and development of the world economy. Efforts will be made to expand domestic demand, accelerate the construction of a strong domestic market, actively expand imports of high-quality services, encourage the expansion of exports of knowledge intensive services, provide...
Imperfect competition and crowding out : A comparison between a small open and closed economydoi:10.1016/0165-1765(93)90115-S TCC Lai - 《Economics Letters》 被引量: 7发表: 1993年 Imperfect competition and crowding out: A comparison between a small open and closed economy Imperfect competition ...
Explain the difference between GDP and GNI in an open economy, and why this is an important distinction. Explain the relationship between GNE, GNI and GDP in a closed economy. Measures of National Income: GDP,...