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| Author: | Buffie, E. F. Won, Y. |
| Title: | Devaluation and investment in an optimizing model of the small open economy |
| Journal: | European Economic Review
2001 : AUG, VOL. 45:8, p. 1461-1499 |
| Index terms: | DEVALUATION INVESTMENT OPEN ECONOMY OPTIMIZATION |
| Language: | eng |
| Abstract: | The authors analyze the impact of devaluation on sectoral investment, aggregate investment, and real output in a fully articulated, optimizing model of a small open economy where installed capital is sector-specific and new capital goods are constructed by combining nontraded inputs with non-competitive imported machines. |
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