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This paper analyzes the role of nonseparable utility and nontradables in business cycles and...

International trade theory has pointed out that factor accumulation could immiserize a country if...

The paper analyzes the effects of monetary policy in a dynamic model of a small open economy with...

This paper examines the evolution of the relative price between tradable and nontradable goods in...

This paper traces the effects of an appreciation of the deutsche mark with the help of a...

In an estimated two-sector New-Keynesian model with durable and nondurable goods, an ...