文章基本信息

标题：Real Exchange Rate and Current Account Dynamics with Sticky Prices and Distortionary Taxes
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作者：Guay C. Lim en Paul D. McNelis
期刊名称：DNB Working Papers / De Nederlandsche Bank
出版年度：2005
卷号：1
出版社：De Nederlandsche Bank
摘要：This paper examines the interaction of real exchange rates and current account movements in open economies subject to monopolistic competition with sticky price-setting behavior and distortionary taxes. We find that the correlations between fiscal balances and the current account depend on the elasticity of net exports with respect to the real exchange rate. Under highly elastic export demand, the welfare e¤ects may be greater or lower than under export demand with a low elasticity.
关键词：sticky price setting, current account, real exchange rate JEL Classification: E52, E62,F41