Inflation – Harrod-Balassa-Samuelson Effect in a DSGE Model Setting
This paper sets up a two-country two-sector dynamic stochastic general equilibrium model that introduces sector specific productivity shocks with quality improvement mechanism of goods. It provides a model-based theoretical background for the Harrod-Balassa-Samuelson phenomenon that describes the re...
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| Format: | Article |
| Language: | English |
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University of Ljubljana
2019-10-01
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| Series: | Economic and Business Review |
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| Online Access: | https://www.ebrjournal.net/home/vol21/iss2/4 |