Discussion paper

DP3540 Dynamic General Equilibrium Analysis: The Open Economy Dimension

Philip Lane Giovanni Ganelli

20 Sep 2002

This Paper discusses some key issues in the application of dynamic general equilibrium analysis to open economy modeling. In the context of the new open economy macroeconomics paradigm, we focus on: (i) the currency denomination of sticky prices; (ii) the role of the current account and net foreign assets; and (iii) the impact of fiscal policy.

£6.00

Citation

Lane, P and G Ganelli (2002), ‘DP3540 Dynamic General Equilibrium Analysis: The Open Economy Dimension‘, CEPR Discussion Paper No. 3540. CEPR Press, Paris & London. https://cepr.org/publications/dp3540