Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints?
by Stephanie
Schmitt-Grohe and Martin
Uribe
IMF Economic Review 65, August 2017, 498-527.
Paper
Slides
Replication Files: sgu_endowment_shocks.zip (endowment-shock economy), and sgu_rshocks.zip (interest-rate-shock economy).