6 pages matching open economies in this book
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aggregate trade analysis basic benefits of monetary benefits of widening bounded rationality Centre for Economic CEPR Discussion Papers consumer gains consumer surplus costs of monetary costs to trade covariance of relative currency union dV/du dY/du Economic Policy Research Eichengreen enlarging a currency equation 15 individual nation inside the union international economics intraindustry trade Jacques Melitz Krugman lower macroeconomics marginal benefit monetary sales costs Monopolistic Competition multiple units N M Christodoulakis negative negative based non-monetary sales costs open economies optimal composition optimum currency area output path toward equilibrium positive value otherwise price concessions problem of trade problems of calculation ratio of intraindustry ratio of non-monetary real exchange rate relative prices resulting second derivative social marginal utility speed of adjustment terms of trade Theory of Optimum trade adjustment trade creation trade inside trade partners trade shipments trade theory tradeables transportation costs union currency union members units of account widening a currency