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Author: | Benigno, G. Benigno, P. |
Title: | Price stability in open economies |
Journal: | Review of Economic Studies
2003 : VOL. 70:4(245), p. 743-764 |
Index terms: | Prices Open economy Economic stability |
Language: | eng |
Abstract: | The authors study the theoretical conditions under which price stability is a two-country open-economy model with imperfect competition and price stickiness. They show that cooperative and non-cooperative solutions do not coincide despite market completeness and producer currency prĂcing. |
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