The Resource Imperfect capital mobility in an open economy model of capital accumulation, Vladimir Klyuev

Imperfect capital mobility in an open economy model of capital accumulation, Vladimir Klyuev

Label
Imperfect capital mobility in an open economy model of capital accumulation
Title
Imperfect capital mobility in an open economy model of capital accumulation
Statement of responsibility
Vladimir Klyuev
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
This paper introduces a tractable capital market friction mechanism that allows a break of the parity between domestic and external interest rates and generates a gradual evolution of capital stock and other macroeconomic variables-in contrast to the instantaneous convergence found in models with interest rate parity. The friction, derived from explicit microfoundations, is such that the cost of new loans is an increasing function of net borrowing. The paper also presents a two-sector, open economy model of capital accumulation, where the friction mechanism is combined with standard assumptions about household preferences and production technology, which generates plausible dynamics of macroeconomic variables
Member of
Action
digitized
Cataloging source
OCLCE
Dewey number
332.820971
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.04/31
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/04/31
Label
Imperfect capital mobility in an open economy model of capital accumulation, Vladimir Klyuev
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 17-18)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn648543096
Dimensions
unknown
Extent
1 online resource (18 pages)
File format
one file format
Form of item
online
Isbn
9781451892550
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/recordID
.b37167030
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)648543096
  • imf1281089001
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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