DP2115 | The New Open Economy Macroeconomics: a Survey

Author(s)

Publication Date

29/03/1999

JEL Code(s)

Keyword(s)

Programme Area(s)

Network(s)

Abstract

Since the 1995 publication of Obsteld and Rogoff's Redux model, there has been an outpouring of research on open-economy dynamic general equilibrium models that incorporate imperfect competition and nominal rigidities. This paper offers an interim survey of this recent literature.