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Tradable and Nontradable Goods - gdsnet.org
www.gdsnet.orgchapter 21 Tradable and Nontradable Goods So far, we have assumed that all commodities are subject to international trade. Now, in this chapter, we introduce a simple and important reality
Nontradable Goods and the Real Exchange Rate
www.paurabanal.netNontradable Goods and the Real Exchange Rate and Duarte (2008). The model includes sticky prices in both sectors, and it assumes that monetary policy is conducted with an interest rate rule of the